(News Bulletin 247) – UBS estimates China’s recovery will drive organic revenue growth of >10% in Q4 2023.
The analysis office remains neutral on the stock with an unchanged target of 199 E.
‘ We expect the US to remain under pressure in Q4 and FY24, but strength in China should lead to a strong Q4 of +7.5% and FY2024 of +6 .9% ‘says UBS in its analysis of the day.
For 2022/23, Pernod Ricard forecasts organic growth in current operating income of around +10%, with an increase in the operating margin.
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