Danone : Adaptation plan: margins before growth but positive impact may take some time to materialise
>Margins before growth - Reduce recommendation maintained with a target price of € 50. The decline in the share price (-3%) yesterday at the first presentation of the adaptation plan (Local First) above all reflects a share of the downward revision to consensus forecasts for 2021. This is one of the paradoxes of the presentation, the aim of which was to convince investors of the group’s capacity to reconnect with profitable growth as rapidly as possible. Another parad...Danone is engaged in activities in the global food and beverages industry. Co. operates in four markets: Fresh Dairy Products (Co. produces and sells yogurts, fermented dairy products and other fresh dairy products); Waters (Co. produces and sells natural waters as well as flavored and vitamin-enriched waters products); Early Life Nutrition (Co. produces baby formula, milk-and fruit-based desserts, cereals, small pots of baby food and ready-made baby food); and Medical Nutrition (Co. develops adult and pediatric clinical nutrition products to be taken orally, or through a catheter in the event of malnutrition related to illness or other causes).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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