Remy Cointreau: AlphaValue upgrades stock

(CercleFinance.com) - On Thursday AlphaValue upgraded its rating on Rémy Cointreau shares from "sell" to "reduce", maintaining its target price at 194 euros.


In a report, the independent broker said the lights were "green" for the French spirits group, which should post another year of growth and improved margins.

Analysts say that the share's valuation seems more attractive today, with a P/E of 37× for 2023, which appears low compared to that of its Italian peer Campari and in view of its short-term risk/return profile, which is favourably skewed.


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