News Snapshot:
Pernod Ricard SA (OTCPK:PDRDF) (OTCPK:PRNDY) pushed higher in Paris trading on Thursday after Deutsche Bank upgraded the wine and spirits stock to a Hold rating from Sell. The firm said it now sees shares as broadly fairly valued and views the risk-reward profile as broadly balanced as it looks ahead. Analyst Mitch Collett said that after a period of underperformance for Pernod and most spirits peers, the firm is now in a position of being less cautious and more selective with spirits names in general. "Longer term we believe Pernod offers an attractive combination of exposure to aged spirits (Scotch,...
