Midcap Partners resumes Remy Cointreau at 'hold' needing 'one more quarter'

Remy Cointreau SA

28/07/2025 12:07

** Midcap Partners resumes coverage of French spirits maker Remy Cointreau RCOP.PA with a 'hold' rating and a PT of 67 euros  ($78.13), following tariff agreements that provide new clarity

** The broker says it will "need to wait one more quarter to gradually see Remy Cointreau's performance normalize", even as Q1 marked a return to growth after eight quarters of decline

** Near-term headwinds persist, with the brokerage noting a constrained Chinese market, weak US depletions and describing the EMEA region as a "Leopard spot"

** For FY 2025-2026, the broker forecasts 3.5% organic growth and a 5% organic decline in recurring operating income (ROC), factoring in a significant negative currency impact

** Midcap Partners raises its long-term average organic revenue growth forecast to 4.5% from a previous 2.6% for the period between 2026 and 2031

** Out of 19 analysts that cover Remy Cointreau SA, six   rate the stock "strong buy" or "buy"​, seven rate "hold" and six  ​ rate the stock "strong sell" or "sell" - LSEG data

($1 = 0.8576 euros)

 (Reporting by Anna Peverieri)

 ((Anna.peverieri@thomsonreuters.com))