Rémy Cointreau: slightly down, Deutsche Bank downgrades recommendation

(CercleFinance.com) - Rémy Cointreau was down on Monday on the Paris Bourse, with Deutsche Bank downgrading its recommendation on the stock from 'buy' to 'hold', and lowering its target price from 112 to 70 euros.


At around 4.15pm, the share price was down by just 0.5%, after losing up to 2.5% in the late morning, while the SBF gained 1.1%.

In a sector study, Deutsche points out that, after a difficult summer, Rémy is one of only seven out of ten major European beverage groups to post a negative performance this year.

Since January 1, the share price has fallen by over 41%.

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