UBS reaffirms its 'buy' recommendation on Campari, as well as its price target of 12 euros, a target which implies a potential upside of 38% for the share of the Italian spirits house, operator of brands such as Campari, Aperol and Grand Marnier.

While the broker anticipates organic sales growth of 6.4% in the second quarter, slightly below consensus due to less favorable weather in Europe, he believes this is in line with or above buyers' expectations.

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