Exane BNP Paribas upgraded Davide Campari-Milano to Outperform from Neutral with a EUR 10.20 price target. The firm made several rating changes in the European beverages space, saying the current depressed valuations are “not without reason” but that the macro conditions may offer some relief. The outlook for global alcohol demand may be challenged, but likely short-term interest rate cut leave the sector’s relative valuation positively skewed, the analyst tells investors in a research note. Exane favors beer over spirits.
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Read More on DVDCF:
- Davide Campari-Milano price target lowered to EUR 9.70 at Deutsche Bank
- Davide Campari-Milano upgraded to Buy from Hold at HSBC
- Davide Campari-Milano price target lowered to EUR 11.50 from EUR 12 at UBS
- Davide Campari-Milano price target lowered to EUR 8 at RBC Capital
- Davide Campari-Milano price target lowered to EUR 10.40 at Deutsche Bank
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