Danone : Bad feeling …before a probable profit warning
Danone is due to publish its results on 26 February. The likelihood of a sales warning on the 2020 l-f-l target is credible and increasingly consensual. But the market has yet to factor in the underlying reasons. These reasons could deteriorate sentiment vis-a-vis the risk profile and fuel a continued de-rating in the context of the hyperpolarisation of valuations. A warning on margins has not been factored in. Reduce recommendation and a target price of € 69 due to the risk of u...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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