PDRDF - Pernod Ricard impresses Deutsche Bank with strong medium-term guidance

Deutsche Bank reiterated a Buy rating on Pernod Ricard SA (OTCPK:PDRDF) after taking in the company's Capital Market Day event. The firm said Pernod Ricard showed off an attractive growth algorithm. Analyst Mitch Collett: "Pernod's 2022 Capital Markets Day indicated that the company feels comfortable maintaining its medium term growth aspiration with the ambition to be in the upper half of the range. This implies organic EBIT growth of 6-9% in the medium term which we believe is attractive in the context of European Staples. Perhaps the key message for us was the company indicating that it was seeking to expand its brand focus from 6-8 brands per market to 15-20. Despite this expanded focus the company sees A&P/sales remaining stable at c. 16%." Pernod Ricard SA (OTCPK:PDRDF) was on Seeking Alpha's Catalyst Watch this week with the Capital Markets Day anticipated to attract attention. Shares of Pernod Ricard SA

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Pernod Ricard impresses Deutsche Bank with strong medium-term guidance