Campari: Oddo BHF reduces target price
(CercleFinance.com) - Oddo BHF reiterates its 'underperform' rating on Campari shares, with a target price lowered from E7 to E6.
5, to take into account a new governance and operational risk relating to the managerial transition and its unfavourable timing.
The CEO's departure, as announced yesterday morning, raises the question of whether there is a divergence of views on the ability to pursue acquisitions while facing current operational challenges, the analyst says.
Given the transitional management in place, Oddo BHF believes that the scenario of an acquisition in India remains valid, but even less engaging for the market, whose positive sentiment on the Italian group is gradually eroding.
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 a decision-making aid 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.
5, to take into account a new governance and operational risk relating to the managerial transition and its unfavourable timing.
The CEO's departure, as announced yesterday morning, raises the question of whether there is a divergence of views on the ability to pursue acquisitions while facing current operational challenges, the analyst says.
Given the transitional management in place, Oddo BHF believes that the scenario of an acquisition in India remains valid, but even less engaging for the market, whose positive sentiment on the Italian group is gradually eroding.
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 a decision-making aid 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.