Berenberg Tweaks Pernod Ricard Model After Fiscal Q4 Results; Buy Rating Kept

05:42 AM EDT, 08/28/2026 (MT Newswires) -- Berenberg revised its model for Pernod Ricard (RI.PA) to reflect the company's fiscal fourth-quarter 2026 results and full-year 2027 outlook. The research firm said Friday that the French wine and spirits company's fiscal fourth-quarter net sales of 2.21 billion euros missed the consensus of 2.25 billion euros, driven by weaker-than-expected performance in the Americas and Europe. Berenberg noted that China "remained under pressure." For fiscal 2027, Pernod Ricard expects organic net sales to be "broadly stable." For the medium term, the company forecasts organic net sales growth to sit at the lower end of its previously stated range of 3% to 6% on average. "Overall, we reduce our FY 2027 and FY 2028 earnings forecasts by 12%. Our forecasts include organic net sales growth for FY 2027 and FY 2028 of -0.2% and 2.4%, respectively," Berenberg said. The Paris stock's buy rating and price target of 97.50 euros were left unchanged.