FRANCE: Morgan Stanley downbeat on Pernod Ricard, Remy Cointreau prospects

By | 26 May 2009

Morgan Stanley has initiated coverage of French drinks companies Pernod Ricard and Remy Cointreau, according to local reports.

Les Echos said yesterday (25 May) that the broker has launched coverage of the two drinks groups at 'underweight'.

Pernod has a share price target of EUR42, with Morgan Stanley forecasting a reversal of recent strong growth in the mid-term. Remy Cointreau. Meanwhile, has a share price target of EUR22. Weak demand in the sector will hamper Remy's short-term profitability, Les Echos reported the broker as saying.

Pernod's shares were trading at EUR45.03 at close of trade today, with Remy Cointreau's shares trading at EUR25.43.

Sectors: Spirits, Wine

Companies: Pernod, Remy, Cointreau, Ricard

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FRANCE: Morgan Stanley downbeat on Pernod Ricard, Remy Cointreau prospects

There are currently 3 comments on this article

Wink malagajohn,
I would not work one hour for the likes of these "Investment Advisory" outfits, who have wrought such damage to millions through the world financial crisis. Look at the unemployment figures alone! These Wall Street guys were
earning commissions ten times their already exhorbitant salaries to recommend deals which were "leveraged"
with odds of 30 to 1, etc...Nay, Wall Street never again, we must put an end to these nerds and let them line up in the unemployment agencies so as to perhaps get a job in a PRODUCTIVE enterprise. Many of them could be employed by the Municipality of New York to collect garbage, fix sewers, sweep streets, take care of parks, etc...

 

Pedro Brazofuerte said at 1:39 am, May 30, 2009

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