Report
Pierre Tegner

Danone : Des laits pour bébés seraient contaminés par des huiles minérales toxiques. Foodwatch jette la suspicion. Danone réfute. Nestlé se tait

>Neutre : la question du profil de risque - Concomitamment au sales warning de vendredi dernier, dont l’impact financier est mineur, nous avions dégradé notre recommandation d’Achat à Neutre en pointant 1/ le déséquilibre entre profil de risque et profil de croissance et 2/ la dégradation de la crédibilité de l’objectif 2020 de croissance organique (Dairy en Russie et Waters en Chine). Le titre a perdu 10% depuis, ramenant la décote en PE à plus de 25% vs pairs europé...
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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