BofA upgrades Campari stock to a Buy rating

Published on 10/06/2026 at 17:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA raised its target from EUR 7.00 to EUR 7.60 on October 1, 2026. Campari stock posted 2.70 percent organic growth in H1 2026.

Isometrische 3D-Grafik der Getränke-Wertschöpfungskette von Ernte bis Vertrieb — Davide Campari-Milano N.V. (NL0015435975) visualisiert isometrische Wertschöpfungskette von Weinberg-Ernte bis Destillation und Vertrieb, Illustration mit AI erstellt.

Campari stock is the subject of a fresh Buy upgrade after Bank of America raised its price target from EUR 7.00 to EUR 7.60 on October 1, 2026. As Teleborsa reports, the bank cited new Aperol formats, the US launch of Sarti Rosa and wider geographic expansion in its upgrade.

Target rises as growth plans advance

The EUR 7.60 target is 8.57 percent above the previous EUR 7.00 target, giving the analyst action a clear numerical dimension. The same report says Bank of America expects organic sales growth of 4.00 to 5.00 percent from fiscal 2027, compared with 2.50 to 3.00 percent during 2024 to 2026.

That forecast rests on operating initiatives rather than a single brand catalyst. Aperol Spritz on tap, Sarti Rosa in the United States and geographic expansion are the concrete drivers cited in the October 1 report.

H1 sales show organic progress

Campari Group reported EUR 1.512 billion in net sales for the first half of 2026, versus EUR 1.528 billion in the first half of 2025. The resulting 1.05 percent decline in reported sales contrasts with 2.70 percent organic growth, because disposals and foreign-exchange effects reduced the reported total.

In its Campari Group aide-memoire dated September 29, 2026, management confirmed an organic topline growth outlook of 3.00 percent for fiscal 2026 and said the expected negative tariff impact had improved to EUR 20.00 million from EUR 30.00 million.

October sales date matters

The next scheduled company update is the nine-month 2026 net sales release on October 28, 2026, as stated in the Campari Group document. The release will report net sales and outlook rather than the full profit-and-loss detail reserved for half-year and full-year reporting.

For investors, the key tension is visible in the numbers: organic growth reached 2.70 percent in the first half, while reported sales fell 1.05 percent. The October release will show whether the portfolio initiatives are broadening that organic growth into the second half.

Market value and listing

Davide Campari-Milano N.V. had a market capitalization of EUR 7.3 billion as of October 6, 2026. The company is listed on Borsa Italiana and belongs to the FTSE MIB, with its shares identified by ticker CPR.MI and ISIN NL0015435975.