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Fly News Breaks for July 12, 2016
WWAV, DANOY
Jul 12, 2016 | 05:50 EDT
JPMorgan analyst Celine Pannuti upgraded Danone (DANOY) to Neutral saying the acquisition of Whitewave (WWAV) should "provide a platform for additional top- and bottom-line growth." The analyst sees limited risks to Danone losing out on the deal to another bidder. Pannuti raised her price target for the shares to EUR 68 from EUR 59.
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