Morgan Stanley Lowers Davide Campari-Milano (OTCMKTS:DVDCF) Price Target to €10.00

Davide Campari-Milano (OTCMKTS:DVDCFGet Rating) had its price target lowered by equities researchers at Morgan Stanley to €10.00 ($10.42) in a research report issued to clients and investors on Tuesday, The Fly reports.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Davide Campari-Milano from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Barclays dropped their target price on shares of Davide Campari-Milano to €11.60 ($12.08) in a report on Thursday, April 14th. 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 report on Friday, April 1st. JPMorgan Chase & Co. lowered their price objective on shares of Davide Campari-Milano from €16.00 ($16.67) to €13.50 ($14.06) and set an “overweight” rating on the stock in a report on Thursday, February 24th. Finally, Sanford C. Bernstein upgraded shares of Davide Campari-Milano from a “market perform” rating to an “outperform” rating in a report on Thursday, February 24th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.38.

DVDCF stock traded up $0.18 during mid-day trading on Tuesday, hitting $10.83. 100 shares of the company were exchanged, compared to its average volume of 42,429. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.23 and a current ratio of 2.02. The firm’s 50 day simple moving average is $11.20 and its 200 day simple moving average is $12.65. 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 various brands, such as Aperol, Campari, SKYY, Wild Turkey, Grand Marnier, Appleton Estate, Wray & Nephew Overproof, and other brands.

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