Recommandation and upside
We initiate coverage on Rémy Cointreau (€3.06bn market capitalisation) with a REDUCE recommendation and a target price of €65.6 (4% upside). Our valuation is based on the following drivers:
Business and trends
Although Rémy Cointreau is a relatively small player in comparison to Diageo or Pernod Ricard, the company occupies a significant position in the spirit industry as it is believed to be the leading high-end cognac producer.
Cognac (Rémy Martin) is the company ....
10 Mar 2016
Initiating coverage of Rémy Cointreau
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Initiating coverage of Rémy Cointreau
Remy Cointreau SA (RCO:WBO) | 0 0 1.4% | Mkt Cap: 5,449m
- Published:
10 Mar 2016 -
Author:
Anna Zyniewicz - Pages:
Recommandation and upside
We initiate coverage on Rémy Cointreau (€3.06bn market capitalisation) with a REDUCE recommendation and a target price of €65.6 (4% upside). Our valuation is based on the following drivers:
Business and trends
Although Rémy Cointreau is a relatively small player in comparison to Diageo or Pernod Ricard, the company occupies a significant position in the spirit industry as it is believed to be the leading high-end cognac producer.
Cognac (Rémy Martin) is the company ....