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DBS downgrades Pernod Ricard (0HAT) to a Sell

Tipranks - Tipranks - Sat Mar 28, 9:04AM CDT

DBS analyst Zheng Feng Chee downgraded Pernod Ricard to a Sell today and set a price target of €62.00.

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Feng Chee covers the Consumer Defensive sector, focusing on stocks such as Food Empire Holdings Limited, Thai Beverage Public Co, and PepsiCo. According to TipRanks, Feng Chee has an average return of -0.2% and a 56.31% success rate on recommended stocks.

Currently, the analyst consensus on Pernod Ricard is a Hold with an average price target of €91.50.

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Based on Pernod Ricard’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €5.25 billion and a net profit of €975 million. In comparison, last year the company earned a revenue of €6.18 billion and had a net profit of €1.19 billion

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