Berenberg analyst Javier Gonzalez Lastra initiated coverage of Davide Campari-Milano (DVDCF) with a Hold rating and EUR 6.30 price target The macro environment “has not been kind to the beverages sector, but it could be changing, thanks partly to the Trump administration and partly to lower inflation,” the analyst tells investors in a research note. The firm initiated coverage of 12 stocks and its top pick is Heineken. There is also “interesting upside” in AB InBev and Molson Coors, says Berenberg.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DVDCF:
- Davide Campari-Milano price target raised to EUR 6.10 at Deutsche Bank
- Davide Campari-Milano price target raised to EUR 5.90 from EUR 5.30 at RBC Capital
- Davide Campari-Milano downgraded to Neutral from Buy at UBS
- Davide Campari-Milano price target lowered to EUR 7.60 at Barclays
- Buy Rating Affirmed: Strong Q4 Performance and Strategic Focus Drive Positive Outlook