Remy Cointreau : Q3 2024 results for LVMH and company css: we must wait a little longer for an upturn in cognac in the US
>Outperform rating maintained with unchanged target price of € 90 - We maintain our Outperform recommendation and our target price unchanged at € 90. We still think that the upturn on the spirits market that will materialise in the US and/or China should be more beneficial for players that are the most exposed to these two markets, which is the case for Rémy Cointreau. The valuation level for the French cognac group (19x PE NTM) would then represent a good entry oppor...Remy Cointreau is an operator in the global wines and spirits market. Co. produces, markets and distributes Cognac, Liquors and Spirits and other non-group brand alcoholic beverages. Co.'s primary cognac brand is Remy Martin, produced from Petite Champagne and Grande Champagne eaux-de-vie. Co.'s principal liquor and spirits include the following brands: Cointreau, Passoa, Metaxa, St Remy, and Mount Gay. Co. also operates a distribution network that handles products from partners and third-party companies. Major non-group products distributed by Co. include Scotch Whiskies (Edrington brand), Champagne (Piper-Heidsieck and Charles Heidsieck brands) and Vodka.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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