At the end of the day, Pernod Ricard's share price was down by almost 1.2%, penalized by Deutsche Bank's analysis.

Deutsche Bank announced on Thursday that it had lowered its target price for Pernod Ricard from €140 to €135, ahead of the publication of the spirits group's 3rd quarter sales on April 25.

The analyst - who has a "hold" recommendation on the stock - says he expects organic growth of 2.7%, hampered by difficulties in the USA, China and Russia.

While he expects Pernod to confirm its target of stable sales overall, excluding currency and scope effects, for the full year, the intermediary warns that the prospect of growth of between 0% and 5% in operating profit from ordinary activities (OIR) seems more at risk in view of the deterioration in the group's main markets.

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