Rémy Cointreau: UBS reduces target price
(CercleFinance.com) - While maintaining its 'neutral' recommendation on Rémy Cointreau, UBS has reduced its price target from E71 to E65, a new target that leaves 8% upside potential for the French spirits house's stock.
The broker says it is reducing its expected EPS for FY 2025/2026/2027 by around 18%/24%/18%, due to a slower pace of recovery in the US and the impact of tariffs on cognac in China on margins in FY 2026.
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The information and analyses published by Cercle Finance are intended solely as decision-making aids 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.
The broker says it is reducing its expected EPS for FY 2025/2026/2027 by around 18%/24%/18%, due to a slower pace of recovery in the US and the impact of tariffs on cognac in China on margins in FY 2026.
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 decision-making aids 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.