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 statement

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

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Jacki has been with Cognac Expert from virtually the beginning. She's the senior editor of the blog, and has spent much of her life living in rural France. Today she's based back in the UK, where she splits her working life between writing for Cognac Expert and working as a Paramedic at a large regional hospital.

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