(News Bulletin 247) – In a note dedicated to champagne houses, Oddo BHF indicates that it favors Lanson-BCC with an ‘outperformance’ opinion and a price target raised from 41 to 47 euros, ‘in this 2023 context of constrained supply and slowdown in demand.
‘The value strategy put in place by the group is bearing fruit, it should make it possible to better compensate for the rise in grape prices and to strengthen the financial structure’, judges the analyst in charge of the file.
“The diversity of the champagne houses making up the group will be an asset to better resist a risk of a market downturn”, continues Oddo BHF, which also displays “underperformance” opinions on Laurent-Perrier and “neutral” on Vranken Pommery .
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