Davide Campari-Milano (OTCMKTS:DVDCF) Rating Lowered to Sell at Zacks Investment Research

Davide Campari-Milano (OTCMKTS:DVDCFGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, Zacks.com reports.

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 research analysts have also recently issued research reports about the stock. Morgan Stanley lifted their price target on shares of Davide Campari-Milano to €12.00 ($12.90) in a research note on Monday, January 10th. JPMorgan Chase & Co. dropped their price target on shares of Davide Campari-Milano from €16.00 ($17.20) to €13.50 ($14.52) and set an “overweight” rating on the stock in a research note on Thursday, February 24th. Berenberg Bank lowered their target price on shares of Davide Campari-Milano from €14.00 ($15.05) to €12.50 ($13.44) in a research note on Tuesday, March 1st. Citigroup upgraded shares of Davide Campari-Milano from a “neutral” rating to a “buy” rating and set a $12.30 target price on the stock in a research note on Friday, April 1st. Finally, Sanford C. Bernstein upgraded shares of Davide Campari-Milano from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.77.

Shares of Davide Campari-Milano stock remained flat at $$11.74 on Tuesday. 1 shares of the stock traded hands, compared to its average volume of 93,582. The firm has a 50-day moving average of $11.17 and a 200-day moving average of $13.01. Davide Campari-Milano has a 1-year low of $9.70 and a 1-year high of $15.23.

About Davide Campari-Milano (Get Rating)

Davide Campari-Milano N.V., together with its subsidiaries, markets and distributes alcoholic and non-alcoholic beverages in the Americas, the Middle East, Africa, Europe, and the Asia-Pacific. It offers range of spirits categories, including aperitif, vodka, liqueurs, bitters, whisky, tequila, rum, gin, and cognac, as well as champagne and non-alcoholic aperitif under approximately 50 brands, such as Aperol, Campari, SKYY, Wild Turkey, Grand Marnier, Appleton Estate, Wray & Nephew Overproof, and other brands.

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Analyst Recommendations for Davide Campari-Milano (OTCMKTS:DVDCF)

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