Remy Cointreau: share price falls, UBS no longer buy
(CercleFinance.com) - Remy Cointreau's share price is down nearly 3% on the Paris stock exchange after UBS downgraded its rating on the stock.
UBS has lowered its recommendation on the stock to Neutral (from Buy), with a revised target price of E113 (from E162). This new target represents a 5% increase on the current share price.
The analysts have decided to reduce their recommendation until American cognac finds a balance.
Remy Cointreau could evolve steadily with negative organic sales until the first half of fiscal 2025. There should be a trend towards inventory rebuilding in the US from the 2nd half of 2025 and into 2026, but valuation relative to stocks in the same sector is not cheap' says UBS in its analysis of the day.
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