Danone upgraded to Buy from Hold at HSBC » 06:0004/0804/08/20
HSBC analyst Jeremy…
HSBC analyst Jeremy Fialko upgraded Danone to Buy from Hold with a EUR 70 price target.
Danone downgraded to Equal Weight from Overweight at Morgan Stanley » 15:0704/0704/07/20
As previously reported,…
As previously reported, Morgan Stanley analyst Richard Taylor downgraded Danone to Equal Weight from Overweight with a price target of EUR 58, down from EUR 78. The analyst is "concerned about the impact of the current environment on the Dairy and Waters portfolio, particularly the impact of downtrading," and reflects the risks into his estimates, especially as "demand outlook for consumers in emerging markets deteriorates."
Danone downgraded to Equal Weight from Overweight at Morgan Stanley » 14:5304/0704/07/20
Morgan Stanley analyst…
Morgan Stanley analyst Richard Taylor downgraded Danone to Equal Weight from Overweight.
|Over a week ago|
Danone upgraded to Buy from Hold at Jefferies » 07:5303/1803/18/20
Jefferies analyst Martin…
Jefferies analyst Martin Deboo upgraded Danone to Buy from Hold with a price target of EUR 68.75, down from EUR 78.00. After "an ugly 2020," inelastic demand and the ultimately transient nature of COVID-19 should see the consumer products sector through, Deboo tells investors.
Danone upgraded to Overweight from Neutral at JPMorgan » 06:3803/1703/17/20
JPMorgan analyst Celine…
JPMorgan analyst Celine Pannuti upgraded Danone to Overweight from Neutral with a EUR 65 price target. Within the European Consumer Goods and Beverages sector, the analyst prefers segments with defensive consumption, namely food producers and soft drinks, while "cautioning the risks" to more discretionary spending in alcoholic beverages and beauty.
|Over a month ago|
Danone sees FY20 recurring EPS growth in mid-single digits » 06:5902/2602/26/20
For 2020, sets guidance…
For 2020, sets guidance of mid-single-digit recurring EPS growth, reflecting +2% to +4% like-for-like sales growth and recurring operating margin above 15%, as it accelerates investment and factoring in assessment to date of the impact of coronavirus outbreak. Beyond 2020, Danone is expecting to deliver in the mid-term mid to high-single digit recurring EPS growth, with 3% to 5% sales growth on a like-for-like basis.
Danone announces EUR2B climate acceleration plan » 06:5802/2602/26/20
Danone announced a EUR2B…
Danone announced a EUR2B climate acceleration plan, which it says that "in the next three years will further transform our agriculture, energy and operations, packaging, and digital capabilities so that we will leverage fully our climate action to generate resilient growth models for our brands."
Danone reports FY19 recurring EPS EUR3.85 vs. EUR3.56 last year » 06:5702/2602/26/20
Reports FY19 sales…
Reports FY19 sales EUR25.287B vs. EUR24.651B last year. Reported and like-for-like basis sales were up 2.6%. Chairman and CEO Emmanuel Faber said: "2019 has been a year of strong progress for Danone both in terms of the delivery and the transformation of our company. The sequential acceleration of our business quarter after quarter is evidence that we are in the right direction on sustainable profitable growth, while navigating multiple headwinds."
Guggenheim starts Danone at Buy amid 'transformational strategic shift' » 07:3201/1501/15/20
Guggenheim analyst Laurent Grandet last night initiated coverage of Danone with a Buy rating and EUR 87 price target. The company remains in the early innings of a "transformational strategic shift" to emphasize plant-based yogurt and milk alternatives and premiumize its global water and baby feeding portfolios, Grandet tells investors in a research note. The analyst sees an "imbalanced" risk/reward, saying many of the downside risks are already priced into the shares while there is possibility of multiple expansion over the coming year as the company proves out its growth and profit outlook.
Danone initiated with a Buy at Guggenheim » 16:0701/1401/14/20
Guggenheim initiated coverage of Danone with a Buy rating.