While reiterating its 'buy' recommendation on Rémy Cointreau, considering that an 'attractive entry point allows for patience', Stifel adjusts its price target from 200 to 197 euros to take into account a weaker dollar.

The broker anticipates the announcement, on January 27, of a decline of around 6% in organic sales in the third accounting quarter, driven by cognac in the United States due to the ongoing realignment of sales and a strong basis for comparison.

The company has the highest exposure to China among our main European peers, which should finally pay off despite the disruption resulting from the policy reversal on the Covid zero," he notes.

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