(CercleFinance.com) – In a sector note, Oddo BHF raises its opinion on Rémy Cointreau directly from ‘underperformance’ to ‘outperformance’, with an adjusted price target of 131 to 129 euros, judging that the strong derating of the stock ‘offers a unique short-term opportunity’.
Stressing that the spirits sector has been strongly attacked since the end of August, the research office sees this as ‘an opportunity to return to quality stocks positioned in a growth sector with attractive fundamentals’.
Oddo BHF favors the quality stocks that it believes are Diageo and Pernod Ricard, with a preference for the latter, but downgrades Campari to ‘underperformance’, believing that its resilience has been preserved and that it should therefore benefit less from a rebound in the sector.
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