(Boursier.com) — Remy cointreau outperformed the market this weekend with a stock gaining 1.3% to 115.3 euros. Oddo BHF upgraded its opinion on the issue to ‘outperform’ with an adjusted target of 131 to 129 euros. The spirits sector has been heavily attacked since the end of August. The poor momentum of the current half-year has erased 8 years of rerating. This constitutes, for the broker, an opportunity to return to quality stocks positioned in a growth sector with attractive fundamentals. The analyst favors quality stocks: Diageo and Pernod Ricard with a preference for the latter (discount vs. Diageo due to asynchronous S1/S2 momentum) while the strong derating of Rémy Cointreau offers a unique opportunity in the short term ( momentum at its lowest while the long term is not called into question).
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