RÉMY COINTREAU : Jefferies remains Buy
In favor of Rémy Cointreau, the broker points to 'high barriers to entry and premiumization trends, given the 90% profitability achieved in brown spirits'.
Jefferies believes that figures for the cognac house and other spirits are close to their low points, and that 'extreme cyclicality, as opposed to structural considerations, has had an impact on Rémy'.
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