Rémy Cointreau: Jefferies confident in a recovery

(CercleFinance.com) - Jefferies reiterates its 'buy' recommendation on Rémy Cointreau shares, along with its E80 target price, after meeting management, which confirmed its view that cognac will recover in the medium term and Remy will benefit from a recovery alongside this.


While he acknowledges that visibility on the precise timing of this recovery is poor, the broker is more confident in a recovery from now on, thanks to measures to revitalize VSOP in the US and low exposure to on-trade in China.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.