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Fly News Breaks for October 22, 2018
PDRDY
Oct 22, 2018 | 06:48 EDT
RBC Capital analsyt James Edwardes Jones upgraded Pernod Ricard to Sector Perform and raised his price target to EUR 120 from EUR 117. The analyst cites the "combination of strong Q1 sales, some early signs of operational leverage and share price underperformance" in his rating change, noting that while his prior downgrade was based on the absence of margin growth, the company's guidance is still likely to prove conservative.
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