Laurent-Perrier is down more than 1% in Paris as Oddo BHF maintains its 'underperform' recommendation on the stock, with an unchanged price target of 130 euros, and a slightly higher EPS sequence following the publication of the champagne house's annual results.

We continue to believe that the group's fundamentals remain solid, but momentum could be less favorable in the short term and limit earnings growth", warns the analyst, who also points to a high basis for comparison.


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