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Barclays has upgraded Pernod Ricard to "equal weight" from "underweight," citing an upside in risks for the French drinks company. While concerns about the US market and tariffs remain, these factors are believed to be priced in. Easing risks in China, particularly regarding cognac tariffs, could significantly boost Pernod's share price, with 22 analysts rating the stock as six "strong buy" or "buy," 14 "hold," and two "strong sell" or "sell."
Barclays has upgraded Pernod Ricard to "equal weight" from "underweight," raising the 12-month price target to €97, reflecting a more balanced risk profile despite Q3 results missing expectations. Concerns remain about the US market, but easing tariff risks in China could boost cognac sales. Financial forecasts indicate a decline in revenue for FY25, with negative organic sales growth, yet a gradual recovery is anticipated in subsequent years.
UBS has rated Pernod Ricard as 'Neutral', indicating a cautious stance on the stock. The information provided is for informational purposes only and does not serve as a recommendation to buy or sell securities, which carry inherent risks, including potential total capital loss. No liability for the accuracy or completeness of the information is assumed.
UBS reports that the impact of US tariffs on the spirits sector is less severe than anticipated, with imports from Mexico and Canada exempt under the Canada-US-Mexico agreement. The estimated effects on operating income vary by company, with Diageo facing a 2% impact and Rémy Cointreau 12%. Despite this, US spirits stocks have dropped 16% year-to-date, reflecting concerns over tariffs and declining consumer demand.
Deutsche Bank has lowered its price target for Pernod Ricard from EUR103 to EUR97, maintaining a Hold rating amid concerns over declining organic revenue growth, particularly in Asia and Europe. The analysts anticipate a -1.8% drop in revenue for Q3 FY2025, revising full-year organic revenue expectations to a shrinkage of -3.2%. Other firms, including RBC Capital Markets and Bernstein, have also adjusted their price targets, reflecting challenges in the market and a cautious outlook for the company's performance.
UBS has reduced its price target for Pernod Ricard from 114 to 101 euros while maintaining a "Neutral" rating. Analyst Sanjeet Aujla anticipates another weak quarter for the spirits producer, citing risks to organic sales expectations and lowering forecasts for sales and earnings.
Pernod Ricard, the leading producer of premium wines and spirits, reported that 61.8% of its sales come from strategic international brands, with Absolut and Jameson being top sellers. The company operates 94 production sites globally, with sales distributed across Europe (28.3%), the Americas (28.8%), and other regions (42.9%).
Pernod Ricard, the leading producer of premium spirits and wines, reported net sales distribution with 61.8% from strategic international brands like Absolut and Jameson, 18.2% from local brands, and 7.3% from craft spirits. The company operates 94 production sites globally, with sales split across Europe (28.3%), America (28.8%), and other regions (42.9%).
UBS has lowered its price target for Pernod Ricard from 118 to 114 euros, maintaining a 'neutral' rating. This adjustment reflects a potential 8% upside following the company's half-year results, although the broker notes that growth recovery will take time and the balance sheet will face ongoing constraints.
Pernod Ricard, the leading global producer of premium spirits and wines, reported net sales distribution with 61.8% from strategic international brands, including Absolut and Jameson. Local brands account for 18.2%, craft spirits 7.3%, and strategic wines 3.6%. Geographically, sales are split between Europe (28.3%), Americas (28.8%), and other regions (42.9%), with 94 production sites worldwide as of June 2024.
Pernod Ricard SA
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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