Report
Pierre Tegner

Danone : Are we seeing a shift in sentiment?

>Buy recommendation maintained - Following the group’s 2018 earnings announcement, we still think there is significant upside on the stock (target price unchanged at € 81). The group continues to deliver in terms of EPS and FCF for the fourth year in a row and as such, the stock's poor performance over the last four years has merely increased the discount to its European food beverage HPC peers. The ongoing signs of improvement in growth which we have identified over ...
Underlying
Danone SA

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Pierre Tegner

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