The share of Campari slips on the Stock Exchange, which in mid-morning sells about 2% to Piazza Affari, signaling itself as the worst share on the Italian list, which in the same minutes travels in slightly negative territory.
The downgrade operated by Goldman Sachs weighed above all on the quotations of the beverage manufacturer, which cut the recommendation on the stock from neutral to sell, setting the new target price at 5,6 euros: "Based on the framework of the global competitive positioning that we elaborated, Campari – reads a report from the investment house – is the worst positioned European distiller with an overall score of 46%”.
According to Goldman Sachs analysts, “the group has not achieved organic growth in EBIT since 2011 and we continue to estimate single-digit growth through 2015”.
