Danone : Baby milk reportedly contaminated by toxic mineral oil. Foodwatch raises suspicions. Danone refutes them. Nestlé is silent
>Neutral: the question of the risk profile - In tandem with last Friday’s sales warning, whose financial impact is minor, we lowered our recommendation from Buy to Neutral, citing: 1/ the imbalance between the risk and growth profile, and 2/ the eroded credibility of the 2020 organic growth target (Dairy in Russia and Waters in China). The share price is down 10% since, taking the P/E discount to more than 25% vs European peers in the Food HPC sector.We do not th...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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