De'Longhi rises on hopes strong coffee sales are brewing
26/01/2022 15:44
** Shares in Italy's De' Longhi DLG.MI are up 7% ahead of
Thursday's release of the company's preliminary full-year sales
figures
** Equita ups rating on the Italian coffee machine maker to
"buy" citing "underperformance and an enhanced confidence on
coffee"
** The group's "sensational" global marketing campaign on
coffee starring Brad Pitt will support De' Longhi leading role
in rich segments - FullAutomatic/Pumcoffee, and coffee, Equita
says
** The brokerage adds the success of the coffee business
will be enough to support a flattish scenario of organic growth
for the group in 2022
** The stock, which outperforms Italy's all-share index
.FTITLMS , is on track for its best day since March 2021
** About 356.6 thousand shares of the company have traded by
1520 GMT today, about three times their 30-day moving average
full-day volume
(Reporting by Federica Urso)
((Federica.urso@tr.com))