In a note devoted to champagne houses, Oddo BHF raises its opinion on Vranken Pommery to 'neutral', from 'underperform' previously, with a price target maintained at 19 euros.

"The group's fundamentals are slowly recovering, but visibility on sustainable improvement in profitability remains limited", acknowledges the analyst, judging however that its stock market valuation is less demanding.

By comparison, in the same sector, Oddo BHF downgrades its opinion on Laurent-Perrier to 'underperform', and favors Lanson-BCC (to 'outperform') 'in this 2023 context of constrained supply and slowing demand'.

Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.