Zacks Investment Research upgraded shares of Davide Campari-Milano (OTCMKTS:DVDCF) from a hold rating to a buy rating in a report issued on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $12.00 price objective on the stock.
According to Zacks, “Davide Campari Milano SpA is engaged in the beverage industry, which has spirits, wines and soft drinks segments. It products includes Aperol, Appleton Estate, Campari, SKYY, Wild Turkey and Grand Marnier. Davide Campari Milano SpA headquartered in Milan, Italy. “
Other analysts also recently issued research reports about the stock. Morgan Stanley raised shares of Davide Campari-Milano from an underweight rating to an equal weight rating in a research report on Friday, October 9th. Credit Suisse Group reissued an underperform rating on shares of Davide Campari-Milano in a research report on Tuesday, October 6th. HSBC began coverage on shares of Davide Campari-Milano in a research report on Wednesday, July 8th. They set a reduce rating for the company. Royal Bank of Canada reissued an underperform rating on shares of Davide Campari-Milano in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upgraded Davide Campari-Milano from an underweight rating to an overweight rating in a research note on Tuesday, September 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $12.00.
DVDCF stock opened at $11.00 on Wednesday. Davide Campari-Milano has a twelve month low of $5.60 and a twelve month high of $11.27. The firm has a market capitalization of $12.67 billion, a P/E ratio of 42.31 and a beta of 0.88. The stock’s 50 day moving average is $10.81.
Davide Campari-Milano Company Profile
Davide Campari-Milano S.p.A., together with its subsidiaries, manufactures and trades in alcoholic and non-alcoholic beverages in Americas, Europe, the Middle East, Africa, Europe, and the Asia-Pacific. Its product portfolio includes aperitifs, vodka, whisky, tequila, rum, gin, liqueurs, sparkling and still wines, and ready to drink products under approximately 50 brands, such as Aperol, Appleton Estate, Campari, SKYY, Wild Turkey, Grand Marnier, and other brands.
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