(News Bulletin 247) – In a note devoted to champagne houses, Oddo BHF raises its opinion on Vranken Pommery to ‘neutral’, against ‘underperformance’ previously, with a price target maintained at 19 euros.
“The fundamentals of the group are recovering slowly but the visibility on the sustainable improvement in profitability remains limited”, recognizes the analyst, judging however that its stock market valuation is less demanding.
By comparison in the same sector, Oddo BHF downgrades its opinion on Laurent-Perrier to ‘underperformance’, and favors Lanson-BCC (to ‘outperformance’) ‘in this 2023 context of constrained supply and slowdown in demand’ .
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
_144818.jpg?fit=%2C&ssl=1)
