Rémy Cointreau: Oddo BHF says 'be patient'

(CercleFinance.com) - Oddo BHF reiterates its 'outperform' rating on, with its E85 TP for Rémy Cointreau shares, but suggests that we be patient, as performance is still not improving.


The broker now expects a 20.3% organic decline in sales in Q3 2024-25 (compared with -16.6% previously expected), but believes that the 2024-25 guidance remains valid.

Oddo BHF therefore forecasts "uninspiring" figures, and considers it difficult to imagine renewed interest in the share in the near term, despite its very attractive valuation and favorable exposure to the spirits market recovery.


Copyright (c) 2025 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.