Danone : A good quarter with the first encouraging signals
>Q3 results should be well received - Outperform maintained with an unchanged target price of € 64. In the medium-to-long term, we continue to think the stock offers rerating potential thanks to the group’s repositioning via: 1/ a refocusing of the portfolio of brands and references; 2/ a refocusing of each division on its core business (exit of milk from EDP, exit of small tubs from Spec. Nutrition and exit of small countries without critical mass and without strong ...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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