Campari : A lacklustre Q2 2024, expectations still high for FY 2024e
>Underperform maintained, target price adjusted to € 8 vs € 8.6 - The group retains significantly more favourable momentum than peers due to the structure of its product portfolio. However, the group’s FY 2024e growth trajectory is unlikely to meet the still demanding consensus expectations, in our view. Moreover, even though the valuation, at 23x P/E NTM has continued to stabilise, it still clearly reflects the group’s fundamentals. We are therefore sticking with our...
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.
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