(CercleFinance.com) – Stifel downgrades its advice on Rémy Cointreau from ‘buy’ to ‘hold’ with a price target reduced from 150 to 115 euros, judging that ‘its strong revaluation potential still seems to be postponed’ and declaring its preference for Campari and Diageo in the spirits sector.
‘It is painful to throw in the towel after the fall in the share price over the last six months, but the visibility is so low that we fear that the title could be ‘dead money’ for some time,’ warns the broker in the summary of his note.
Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends using the buttons below.
