Campari rises as Barclays upgrades Aperol-maker to 'overweight'

Davide Campari Milano NV

02/12/2025 09:09

** Shares in Italian spirits group Campari CPRI.MI are up 2.2% after Barclays upgrades the Aperol-maker to "overweight" from "equal-weight", saying its portfolio "plays well into current trends"

** The brokerage says Campari is placed to benefit from the trends towards moderation, affordable premium purchasing and convenient consumption

** "We believe (Campari) will be able to outperform the US spirits market, particularly with the roll-out of Aperol," it adds, estimating the drink can grow at a strong double-digit percentage rate in the U.S.

** CEO Simon Hunt's experience at William Grant & Sons will be invaluable at Campari, Barclays adds

** It hikes Campari's target price by 30% to 7.9 euros per share, versus current price of around 6 euros per share

** Out of 22 analysts that cover Campari, nine rate the stock "strong buy" or "buy",​ 11 "hold" and two "strong sell" or "sell" - LSEG data

($1 = 0.8611 euros)

(Reporting by Romolo Tosiani)

((Romolo.Tosiani@tr.com))