DVDCF - Campari lands catalyst call from Deutsche Bank with near-term rally expected

Deutsche Bank fired off a catalyst call buy idea on Campari ( OTCPK:DVDCF ) on Friday.

Analyst Mitch Collett said the call on Italy-based Campari ( OTCPK:DVDCF ) is hedged against the European 600 Food and Beverage Index ahead of the company's FY22 results on February 21.

"Over the last three years, Campari has become the highest growth company in European Staples and we expect the FY results to provide further evidence of this growth advantage. In addition, we believe the results will demonstrate the diversification of Campari's growth with the group less reliant on Aperol thanks to the success of brand Campari, Grand Marnier, Wild Turkey and the Jamaican Rums."

Shares of Campari rose 1.88% in Milan trading on Friday.

Read why Seeking Alpha contributor Davide Devetak came in with a bull call on Campari last December.

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