European Beverage Stocks Rally Today as Recovery Gains Momentum

According to Bernstein analysts, European beverage stocks including Carlsberg and Heineken rallied today as sales growth signals emerge. Cognac maker Rémy Cointreau also advanced on positive momentum from its turnaround plan, while spirits groups Diageo and Pernod Ricard lagged. Analysts favor beer stocks over spirits, citing continued weakness in the U.S. spirits market. Overall, the group trades at attractive valuations at current levels.
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