Ac t i o n | 25 Jun 2026 09:41:04 ET │ 12 pages Davide Campari-Milano NV (CPRI.MI) Discount re-rating to peer wrong. Absence of new negatives should reassure. We reiterate our Positive ST view. CITI'S TAKE After the poor Q1 OSG delivery vs. bullish market expectations and associated communication concerns, the absence of new negatives on the group's pre Q2/H1 analyst call should be seen as reassuring. We forecast Q2 OSG at +1.1%, slightly below consensus at +1.9%, due to technical effect (Easter unwind) and ...