Bucking the trend in Paris, Rémy Cointreau gained more than 1% on the back of favorable comments from UBS, which reaffirmed its 'buy' recommendation on the French spirits house's stock, as well as its price target of 195 euros.

Rémy Cointreau looks well placed to achieve best-in-class sales and EBIT growth in 2023 and beyond", the broker judges after its nine-month trading update, leaving him to wonder whether short-term concerns are not "exaggerated".

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