Remy Cointreau: at what price?

(Boursier.com) — Remy Cointreau Date of 3% on the 45 euros this Monday, while Barclays analysts timidly raised their objective from 30 to 34 euros and TP ICAP Midcap adjusted the cursor to 74 euros while remaining at the purchase … Oddo BHF (‘outperform’) had previously adjusted its target to 65 euros after having increased the managerial risk in order The resignation of Eric Vallat … The CEO is going to continue other personal personal projects. He had arrived 5 years ago at the head of the group of spirits. The last time the CEO Eric Vallat spoke of the need for the group to diversify, it was exactly a year ago, in April 2024, recalls the broker. But the degradation of its cash generation has extended and the deadlines for new acquisitions therefore move away, all the more on a very competitive M&C market … Consequently, the arrival of a new CEO can be interpreted as an opportunity for the group : that of redefining your long-term strategy which would clean up investors’ expectations and build a new “Equity Story”. But before the opportunity to redefine the group’s strategy, the First thing to which this resignation echoes is that of the former CEO of Campari Matteo Fantacchiotti 6 months ago and of the anxiety which it had aroused on the markets… The Italian group was, in fact, needed stable management to continue to diversify and sail in waters – always – disorders of the spirits.

HSBC keeps the file with an adjusted objective at 46 euros, while Citi reiterated its ‘purchase’ opinion on the two large groups of French spirits Pernod Ricard and Remy Cointreau. The title is a delay of 22% since January 1 on the Paris Stock Exchange.