Campari: UBS still a buyer before quarterly results
(CercleFinance.com) - UBS reaffirms its 'buy' recommendation on Campari, as well as its target price of E12, which implies 38% upside potential for the share of the Italian spirits house, operator of brands such as Campari, Aperol and Grand Marnier.
While the broker anticipates organic sales growth of 6.4% in Q2, slightly below consensus due to less favourable weather conditions in Europe, it believes that this is in line with, or above, buyers' expectations.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
While the broker anticipates organic sales growth of 6.4% in Q2, slightly below consensus due to less favourable weather conditions in Europe, it believes that this is in line with, or above, buyers' expectations.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.