Danone : Cécile Cabanis reportedly set to step down. Governance crisis?
>Reduce rating maintained. - Reduce recommendation maintained – target price lowered to € 50 There is a general consensus on the low valuation with a 2021e of 14x and a 2021e EV /EBITDA of 10x. In the medium term, the main question is what 2021 will bring. The degree of comfort on the forecasts is totally dependent on the adaptation plan on which management has been working since the end of June and which will only be communicated at the end of 2020, or even early 20...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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