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Rémy Cointreau: Jefferies still buying, trims TP

( - Jefferies confirms its 'buy' recommendation on Rémy Cointreau shares, while reducing its target price for them from E130 to E120, after reducing its FY 2025 organic sales and EBIT estimates for the French spirits group.

Despite still low visibility on the timing of the recovery, the broker considers Rémy to be one of the most attractive long-term growth stories in European beverages, given high barriers to entry and premiumization trends.

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