Report
Pierre Tegner

Danone : Three new directors to be proposed as part of the board’s complete renewal

>Complete renewal of the board: a key development - Outperform maintained with a target price of € 71. Our positive opinion is based above all on the idea that the change of governance, combined with some exhausted operating performance, offers an opportunity to redefine the strategic scope. This involves a refocusing of each division on its core business, followed by the choice to exit waters (to refocus on dairy nutrition) or to exit fresh dairy (to refocus on nutri...
Underlying
Danone SA

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Pierre Tegner

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