BUZZ — French cognac makers rise on LVMH read — across

* Shares in French cognac makers rise in early trade after LVMH reported better-than-expected Q3 sales at its wines and spirits division * Remy Cointreau is up around 4%, while Pernod Ricard rises some 2% * Johnnie Walker whisky maker Diageo also up around 1% * JPMorgan says the luxury bellwether's results have a positive read-across for Pernod and Remy * Jefferies says strong momentum at Hennessy drove a beat in cognac and spirits, while champagne and wines came in line with expectations * "The external environment for spirits remains challenging; however, valuations are undemanding and we see scope for a re-rating as investor confidence grows that the worst is behind us," Jefferies says (Reporting by Jakob Van Calster) ((jakob.vancalster@thomsonreuters.com)