ENXTPA:RIBeverage
Taking Stock of Pernod Ricard (ENXTPA:RI)’s Valuation After Barclays’ Overweight Upgrade
Barclays has just upgraded Pernod Ricard (ENXTPA:RI) to overweight, arguing the spirits group looks mispriced given reduced China exposure, improving India dynamics, and a long runway in the U.S. and Indian markets.
See our latest analysis for Pernod Ricard.
The upgrade lands after a tough stretch, with a roughly 30 percent year to date share price decline and a three year total shareholder return of about negative 54 percent, but today’s bounce hints that sentiment may be starting to...