(CercleFinance.com) – Barclays reaffirms its ‘underweight’ recommendation on Rémy Cointreau with a price target lowered slightly from 82 to 80 euros, considering that ‘the downside risk continues to increase’ for the title of the French group of spirits.
‘Rémy continues to suffer from the economic slowdown in China, as well as the decline of the American cognac market. Tariffs are a short-term concern in China as well as in the United States depending on the outcome of the elections,’ he explains.
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