Barclays has reaffirmed its 'Underweight' recommendation on Rémy Cointreau, with its price target lowered slightly from 82 to 80 euros, considering that 'the downside risk continues to increase' for the French spirits group's shares.

'Rémy continues to suffer from the economic slowdown in China, as well as the decline in the US cognac market. Tariffs are a short-term concern in China, as well as in the US depending on the outcome of the elections", he explains.

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