Investors are flocking to purchase shares in Remy-Cointreau after Goldman Sachs upgraded its recommendation from ‘neutral’ to ‘conviction buy.’
The third quarter revenues are due to be unveiled on January 20, and it is expected that these figurine will continue to show continued growth for the company.
Goldman Sachs believe that the market is very much underestimating the potential growth to come in the rapidly expanding Chinese market, and they are expecting a growth in the region of a CAGR of 23 percent up until 2025.
Also, any announcement regarding the successful sale of Remy-Cointreau’s champagne division will also aid the company’s growth.
Sources: www.latribune.fr, uk.reuters.com