Analysts at Credit Suisse First Boston gave Remy Cointreau a cautious thumbs- up as it started coverage of French drinks group with a "hold" recommendation and a fair-value share-price target of EUR29 on Friday.

"Although September 11 has had a negative effect on the third quarter, we believe the company's 5% net profit growth forecast for 2002 is secure and should see a gentle acceleration in 2003," said CSFB in a research note. Shares in Remy Cointreau were up 1.72% at EUR25.97 on Friday morning, outperforming its European competitors.