Lates News

Analysts at Bernstein wrote in a report to clients that the European beverage industry is showing signs of a steady rebound. As signs of sales growth recovery emerge, the stock prices of beer companies such as Carlsberg and Heineken are rebounding, while the stock price of French cognac maker Remy Cointreau has also risen due to a well-received recovery plan. However, the spirits groups Diageo and Pernod Ricard are both lagging behind. "We continue to prefer beer over spirits because the key American spirits market remains weak." However, analysts stated that all of these stocks appear attractive at their current levels of pricing.