Danone : Q1 expected to be very weak at 0.8%
>Buy recommendation maintained - One quarter does not make an investment case. But with an extremely poor Q1 in prospect, we reiterate our positive stand on the stock. The discount has not moved despite the stock’s performance YTD. It remains at 22% on a 12m-fwd P/E relative to European Food Beverage HPC large caps. The market mainly reproaches the stock its organic growth deficit. But it is precisely management’s discipline and the streamlining of the ranges which en...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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