Pernod Ricard has been given a "Neutral" rating by UBS, with a target price of 138 euros, based on the company's recent business figures.
The decline in sales, excluding acquisitions and takeovers, was more significant than expected, according to analyst Sanjeet Aujla. This is due to ongoing weaknesses in the Asian market, which have resulted in lowered expectations for the spirits manufacturer.
The report emphasizes the challenges faced by Pernod Ricard in the current economic climate, particularly in key regions. The analysis suggests a cautious outlook as the company navigates these difficulties, with investors advised to closely monitor developments.