Report
Arnaud Autier ...
  • Pierre Tegner

Campari : Modest € 100m share purchase to support the share price

>Underperform rating maintained and target price unchanged at € 6.5 - We maintain our Underperform rating with an unchanged target price. The group’s performances are normalising in EMEA (a little under 50% of total revenues) and in the US (a little less than 30%), setting the stage for consensus downgrades. In addition, the departure of the CEO at a tricky time (industry slowdown and integration of Courvoisier) introduces governance risk that might be viewed negative...
Underlying
Davide Campari-Milano N.V.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Arnaud Autier

Pierre Tegner

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