In a note devoted to champagne houses, Oddo BHF favors Lanson-BCC with an 'outperform' rating and a price target raised from 41 to 47 euros, 'in this 2023 context of constrained supply and slowing demand'.

'The value strategy implemented by the group is bearing fruit, and should enable it to better offset the rise in grape prices and strengthen its financial structure', judges the analyst in charge of the dossier.

The diversity of the champagne houses making up the group will be an asset to better resist the risk of a market downturn", adds Oddo BHF, which also has an "underperform" rating on Laurent-Perrier and a "neutral" rating on Vranken Pommery.

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