LVMH Down, Rheinmetall Up, CVC Rises
On this episode of Stock Movers:
- LVMH Hennessy is one of the three big cognac makers — including Remy Cointreau SA and Pernod Ricard SA - that have reached price undertaking agreement with China after it imposed anti-dumping duties on drinks including European brandy for five years.
- Rheinmetall’s up after its South African subsidiary Rheinmetall Denel Munition secured an artillery ammunition order worth several hundred million Euros from an unnamed European NATO country.
- CVC Capital has been upgraded by JP Morgan to overweight from neutral as resilient exit volumes are supporting an improved outlook for European private markets managers.
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