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Rémy Cointreau: Barclays cuts target price

( - Barclays sticks to its 'Underweight' recommendation on Rémy Cointreau share, trimming its target price for them from E82 to E80, considering that the downside risk continues to increase for the French spirits group's shares.

"Remy continues to struggle from the economic slowdown in China, as well as the decline of the US cognac market. Tariffs provide a near-term concern in China as well as in the US depending on the outcome of the election. We continue to see more downside risk", the broker explains.

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