(News Bulletin 247) – In a note devoted to champagne houses, Oddo BHF downgrades its opinion of Laurent-Perrier directly from ‘outperformance’ to ‘underperformance’, with a price target maintained at 130 euros.
The analyst in charge of the file justifies this deterioration of opinion by “reasons of valuation and less favorable momentum” for the title, which has also, according to him, achieved a good stock market performance.
“The fundamentals of the group nevertheless remain solid, but the lack of products and the uncertainty about the evolution of the current economic context may limit the growth of the 2023-24 results”, he judges.
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