Rémy Cointreau: Jefferies confirms rating and target price
(CercleFinance.com) - Jefferies confirms its Hold rating on the Rémy Cointreau share, along with its target price of 130 euros, after the group announced its FY results.
The broker believes that the business faces risks in the US and China.
In its opinion, Rémy Cointreau presents one of the most attractive long-term growth scenarios in the European beverages sector, given significant barriers to entry to the market and trends regarding "premiumisation," it says.
Over the medium term, we expect earnings to both rise and all, while the group's Chairman and CEO deploys his vision for the company as a super premium business. In the near term, we remain more optimistic given the positive catalysts and limited external risks regarding China and the US, it adds.
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