News

UK: Campari shares downgraded

Most popular

Six trends shaping cannabis beverages

How to win the marketing war in spirits

What will be Pernod Ricard's priorities?

Heineken 0.0's march to global success - Analysis

MORE

UBS has downgraded shares in Davide Campari-Milano. Dealers said that the broker has dropped the company's shares to 'reduce' from 'neutral' on valuation grounds.

In a note to clients, UBS said it did not foresee strong triggers in the second half of 2004 that could lead it to raise its earnings estimates for this year.

The broker blamed the current beverage trading conditions and the company's production and distribution reorganisation in Italy this year.

The broker added Campari is focused on the integration of Barbero rather than looking for further acquisitions in the second half of 2004.

UBS maintained its €37.9 price target on the stock, which trades on a 15% average discount relative to its European beverage peers, according to its estimates.


Sectors: Spirits

Companies: Campari

Related Content

ITALY: Campari registers good growth despite sales decline

ITALY: Campari registers good growth despite sales decline...

ITALY: Davide Campari-Milano eyes V&S seconds

ITALY: Davide Campari-Milano eyes V&S seconds...

ITALY: Skyy highs drive Davide Campari in 2007

ITALY: Skyy highs drive Davide Campari in 2007...

ITALY: Campari eyes whisky market - report

ITALY: Campari eyes whisky market - report...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?