Rémy Cointreau: Jefferies still buying, trims TP

(CercleFinance.com) - 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.


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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.