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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