FRANCE: Deutsche upgrades Remy Cointreau
By just-drinks.com editorial team | 17 June 2002
Deutsche upgraded Remy Cointreau from "market perform" to "buy", attributing the upgrade to improved market prospects. Deutsche raised its price target from the stock from €30 to €36. Last week Remy Cointreau reported an 11.6% rise in net profit before exceptionals and goodwill from €97.7m to €109m for the year to the end of March 2002. The group said it was targeting 50% net profit growth over the next three years.
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Deutsche upgraded Remy Cointreau from "market perform" to "buy", attributing the upgrade to improved market prospects. Deutsche raised its price target from the stock from €30 to €36. Last week Remy Cointreau reported an 11.6% rise in net profit before exceptionals and goodwill from €97.7m to €109m for the year to the end of March 2002. The group said it was targeting 50% net profit growth over the next three years.
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