Report
Pierre Tegner

Danone : Bluebell: why the situation could become unhealthy?

>A change of pilot is not enough - In view of the 5% gain in the share price in the last five trading sessions (vs SX3P stable), investors are taking a positive view of Bluebell’s acquisition of a stake and, especially, the prospect of a departure of Emmanuel Faber along with a change in the mode of governance. We are aware that a negative rating carries little weight in the very near term in the face of speculation. We are nevertheless very doubtful; the situation at...
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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