(News Bulletin 247) – UBS retains its Buy recommendation on the stock but lowers its price target from 183 to 179 E.
“Despite a softer 2024 financial year, we believe that Rémy Cointreau is still on track to deliver an EBIT margin 30% higher than its initial plan,” explains the analyst.
For the UBS broker ‘the short-term risk is well signaled, but the opportunity for long-term growth remains’.
It should be recalled that for 2023-24, Rémy Cointreau is aiming for organic stability in turnover and profitability ‘reflecting a normalization of consumption in the United States (at a higher level than pre-Covid) and a strong recovery in China and in the rest of the world’.
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