Danone : H1 2019 preview: Q2 should be the last quarter of lacklustre growth and a pleasant surprise cannot be ruled out at the operating margin level
>Discount still close to 20% despite the strong performance ytd - Thanks to a performance of +23% ytd, the stock is at an historic high in absolute terms. Some are therefore tempted to say that the market has already paid to see and that it would be wiser to wait until the group really delivers before identifying the stock’s upside. The opposite is true is our opinion. The market has paid nothing at all, while Q2 is supposed to be the last quarter of underperform...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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