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DEO - Rémy Cointreau: Buy After 20% Correction In 3 Months
Diageo plc
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Introduction
We review Rémy Cointreau (REMYF) (referred here as "RCO") after its share price has fallen by approx. 20% from its September peak, part of a sector-wide correction that has hit most spirits companies:
We have previously published Buy ratings on Diageo (DEO) and Pernod Ricard (PDRDF), based on our belief in the strong structural growth in the global spirits industry, driven by rising consumption in emerging markets and drinkers moving to