Danone : Offer for Lifeway Foods: a deal that might reassure on M&A risk
>Outperform rating maintained despite the return of M&A risk - Outperform rating maintained with a target price of € 71. We continue to see Danone as a multi-year re-rating story as and when the improvement in operational execution is confirmed quarter after quarter and the group establishes a dynamic of profitable, steady and resilient growth. The repositioning of the product ranges and brands (category management) implemented since the arrival of the new CEO has bee...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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