Rémy Cointreau: Stifel lowers target price
(CercleFinance.com) - While acknowledging that the share "looks tempting" at around 65% below its December 2021 high of E215, Stifel maintains its "hold" recommendation on Rémy Cointreau, with a target price trimmed from E105 to E102.
"believe US value depletion trends remained negative, with China unlikely to be a strong sustainable offset", the broker warns, which deems it "too early to call a trough".
More broadly within the European spirits sector, Stifel still prefers Italy's Campari, as well as, among the largest caps, the UK's Diageo over France's Pernod Ricard.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
"believe US value depletion trends remained negative, with China unlikely to be a strong sustainable offset", the broker warns, which deems it "too early to call a trough".
More broadly within the European spirits sector, Stifel still prefers Italy's Campari, as well as, among the largest caps, the UK's Diageo over France's Pernod Ricard.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.