Rémy Cointreau: Jefferies confident in a recovery

(CercleFinance.com) - Jefferies reiterates its 'buy' recommendation and 80 euro price target on Rémy Cointreau, after time spent with management confirming its view that 'cognac will recover in the medium term and Remy will experience a recovery in parallel with this'.


While he acknowledges that visibility on the precise timing of this recovery is poor, the broker is more confident in a recovery from now on, thanks to measures to revitalize VSOP in the United States and low exposure to on-trade in China.

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