Rémy Cointreau: Oddo BHF still a buyer
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Rémy Cointreau shares, along with a E85 target price, despite cutting its EPS estimates by 13.
2% to take account of new indications from the spirits group given with its H1 results.
We are aware that the lack of visibility on the recovery in the US and the impact of taxes in China remains uninviting for investors, at this stage, despite a valuation level at an all-time low, the analyst acknowledges.
However, the stock's increasingly low sensitivity to bearish consensus adjustments reinforces his view that we are close to a low point, and investors could see this as an opportunity to re-enter the market.
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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.
2% to take account of new indications from the spirits group given with its H1 results.
We are aware that the lack of visibility on the recovery in the US and the impact of taxes in China remains uninviting for investors, at this stage, despite a valuation level at an all-time low, the analyst acknowledges.
However, the stock's increasingly low sensitivity to bearish consensus adjustments reinforces his view that we are close to a low point, and investors could see this as an opportunity to re-enter the market.
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.