Campari : FY 2023 EPS in line with expectations, FY 2024e guidance short on figures
>Underperform rating maintain with an unchanged target price of € 9.6 - We reiterate our Underperform rating on Campari and maintain our target price of € 9.6. The group’s valuation, at 25x P/E NTM, in our view properly reflects its fundamentals as a niche player in the liqueur and aperitif segment with a profile that is increasingly converging towards that of a diversified pure player in the spirits segment.The positive market reaction (+3%) despite the publicat...
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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