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Remy Cointreau: UBS downgrades stock, cuts TP

( - UBS has downgraded Remy Cointreau shares to Neutral (from Buy), reducing its target price to E113 (from E162) - the new TP represents just 5% upside potential at its current level.

Analysts have decided to downgrade the stock until American cognac finds an equilibrium.

"Remy may trade sideways with negative organic sales into H1 FY25. There should be a US restocking story from H2 '25/FY26, but valuation vs peers is not cheap", UBS says.

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