Campari: Stifel cuts target price
(CercleFinance.com) - Stifel has reduced its EBIT estimates by about 5%, while confirming its Buy rating on the stock, while cutting its target price from E9 to E8.
50.
The analyst believes that Campari's fundamentals reassured when it published its Q4 2024 results last week.
The 14% rise in EBIT was driven by Europe and aperitif products. Against a backdrop of significant pricing uncertainty, new CEO Simon Hunt (in office since 15 January) is focusing on optimising existing assets, where possible disposing of non-priority brands at a decent price, Stifel says.
The company's differentiated portfolio and limited penetration in the US remain key factors for investors. The phase of massive investment in capacity comes to an end in 2025, which will strengthen FCF in the medium term, the broker adds.
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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.
50.
The analyst believes that Campari's fundamentals reassured when it published its Q4 2024 results last week.
The 14% rise in EBIT was driven by Europe and aperitif products. Against a backdrop of significant pricing uncertainty, new CEO Simon Hunt (in office since 15 January) is focusing on optimising existing assets, where possible disposing of non-priority brands at a decent price, Stifel says.
The company's differentiated portfolio and limited penetration in the US remain key factors for investors. The phase of massive investment in capacity comes to an end in 2025, which will strengthen FCF in the medium term, the broker adds.
Copyright (c) 2025 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.