PERNOD RICARD S/ADR (OTCMKTS:PDRDY) Upgraded to Hold by Zacks Investment Research
According to Zacks, “Pernod Ricard SA, based in France, operates as a manufacturer and seller of a wide range of wines and spirits. The company operates as holding company, with the structure divided between brand owner subsidiaries, such as The Absolut Company, Havana Club International and Chivas Brothers, which produce and develop marketing strategies for the brands, and regional distribution subsidiaries, such as Pernod Ricard Europe, Pernod Ricard Americas and Pernod Ricard Asia, which implement marketing strategies and distribute local brands. The Company is active in eight principal beverage sectors: whiskies, aniseed spirits, liqueurs, cognacs and brandies, white spirits and rums, bitters, champagnes and wines. Pernod Ricard SA’s flagship brands include Ricard, Havana Club, Ballantine’s, Malibu, Martell, The Glenlivet, Chivas Regal, Jameson and Absolut Vodka, among others. “
A number of other research firms also recently commented on PDRDY. Jefferies Financial Group upgraded shares of PERNOD RICARD S/ADR from a hold rating to a buy rating in a research note on Wednesday, October 2nd. ValuEngine downgraded shares of PERNOD RICARD S/ADR from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein upgraded shares of PERNOD RICARD S/ADR from an underperform rating to a market perform rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $38.00.
About PERNOD RICARD S/ADR
Pernod Ricard SA produces and sells beers, wines, and spirits in the Americas, Europe, Asia, and internationally. Its principal brands include Absolut, Ballantine's, Beefeater, Chivas Regal, Kahlúa, Malibu, Martell, and Brancott Estate. The company was founded in 1805 and is headquartered in Paris, France.
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