In a note devoted to the champagne houses, Oddo BHF downgrades its opinion on Laurent-Perrier directly from 'outperform' to 'underperform', with a price target maintained at €130.

The analyst in charge of the file justifies this downgrading by 'reasons of valuation and less favorable momentum' for the share, which has, moreover, in his opinion, performed well on the stock market.

The group's fundamentals nevertheless remain solid, but the lack of products and the uncertainty surrounding the current economic context may limit growth in earnings for 2023-24", he believes.

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