BNP Paribas has raised its price target for Pernod Ricard following a strong third quarter. BNP Paribas yesterday increased its target to €94.2 ($108.2) from €90.6.
Paribas pointed to Pernod’s 9.3% organic sales growth as explanation for the recommendation.
“Whereas after the first half doubts persisted about how much of this growth was owing to technical/destocking issues, there is little doubt that the 9.3 percent increase is a genuine underlying performance,” the bank said in a research note.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Drinks Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
