Danone : What to expect from the conference on 23 November?
>We are still highly sceptical regarding the adaptation plan - Reduce recommendation maintained with a target price unchanged at € 50 and a forecast for a 2.5% decline in adjusted EPS, principally due to forex. We remain sceptical on the adaptation plan: 1/ the announced strategic review is more of an operational review whilst Danone is in need of a strategic refocus to better diversify its operational organisation (brands, ranges, countries) in order to improve ...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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