RBC ups Campari citing 'sensible' strategy

Davide Campari Milano NV

15/09/2025 10:08

** RBC Capital Markets upgrades its rating on Campari CPRI.MI to "sector perform" from "underperform", saying that the Aperol-maker is "on a course of rehabilitation"

** Campari's strategy now is "more sensible," RBC says pointing to brand building investments, while consensus growth expectations have become more realistic

** "With consistent investment, we believe Campari can return to delivering c.4% revenue growth, in line with our expectation for the rest of the spirits sector," the analysts add

** While the stock's valuation is "meaningfully" above of its peers, it is still at a discount to its 10-year average, RBC says keeping its PT unchanged at 5.80 euros  ($6.81)

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

** The stock is up around 1% at 0904 GMT

($1 = 0.8520 euros)

 (Reporting by Romolo Tosiani)

 ((romolo.tosiani@tr.com))