Campari rallies to top of STOXX after Q2 beat

Davide Campari Milano NV

01/08/2025 09:26

** Shares in Campari CPRI.MI jump around 8% after the Italian spirits group reported better-than-expected Q2 results

** Q2 organic sales rose 3.5% compared to 2% rise seen in consensus cited by J.P.Morgan

** A Milan-based trader says the stock extends gains as many investors were short before Thursday's results, and now they are bullish given the strong Q2 earnings

** Equita reiterates its "buy" rating on the stock, citing the beat on Q2 results and an encouraging start to the peak summer season

** "June was the best month of the quarter, with encouraging signs on the start of the peak aperitif season that continue even at the beginning of 3Q", the broker says

** It raises its PT by 1% to 8.00 euros, lifting its full-year EBIT and net profit estimates by 1% and 2% respectively

   ** The stock is at the top of Europe-wide STOXX .STOXX index

($1 = 0.8762 euros)

 (Reporting by Laura Contemori, Giancarlo Navach)

 ((Laura.contemori@thomsonreuters.com))