Danone : Sale of Vega: 1st step in the strategic review
>Outperform maintained - Outperform rating maintained with a target price of € 70. At this stage the share performance hinges on the arrival of the new CEO (15/09/21) and an improvement in visibility on operations (inflation, fall in births, pace of opening of channels in waters). Given the operational challenges, we believe that the top management and especially the board will have no choice other than to carry out a strategic refocusing, which would unlock the hidde...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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