Rémy Cointreau: Bryan Garnier adjusts target price

(CercleFinance.com) - While maintaining its "neutral" rating on the Rémy Cointreau share, Bryan Garnier has upped its fair value for the share from 107 euros to 115 euros, even after a weak third quarter, as might have been expected, due to technicalities.


According to the broker, the negative share price reaction on Friday was due to the adjustment to FX guidance from -EUR10/11m to -EUR17/18m.

The broker explains in its report “We maintain our Neutral recommendation as we consider the group's strong growth is already well factored into the share price.”


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