REMY COINTREAU/ADR (OTCMKTS:REMYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.
According to Zacks, “Remy Cointreau SA is an operator of Wine & Spirits market. The company’s portfolio consists of Rémy Martin and Louis XIII cognacs, the Cointreau liqueur as well as the Metaxa, Mount Gay, St-Rémy, Bruichladdich, Port Charlotte, Octomore and The Botanist spirits. Remy Cointreau SA is headquartered in Cognac, France. “
A number of other equities analysts have also commented on REMYY. JPMorgan Chase & Co. lowered shares of REMY COINTREAU/ADR from a “neutral” rating to an “underweight” rating in a research note on Wednesday, September 25th. Bank of America lowered shares of REMY COINTREAU/ADR from a “buy” rating to an “underperform” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The company has a consensus rating of “Sell” and an average target price of $14.00.
REMY COINTREAU/ADR Company Profile
Rémy Cointreau SA, together with its subsidiaries, produces and distributes liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company produces a range of cognacs under the Rémy Martin and Louis XIII brands. It offers liqueurs and spirits primarily under the Cointreau, Metaxa, Mount Gay, St-Rémy, The Botanist, Bruichladdich, Port Charlotte, Octomore, Westland, and Domaine des Hautes Glaces brands.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for REMY COINTREAU/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REMY COINTREAU/ADR and related companies with MarketBeat.com's FREE daily email newsletter.