Danone: Oddo maintains buy rating after results
(CercleFinance.com) - Oddo confirms its Outperform rating on Danone shares, with a target price of 71 euros after the group announced its Q2 2022 results.
Q2 results and the better-than-expected level OM in H1 reinforce the idea that the operational side of the business is resisting and the fact that this first half of the year is better than expected, which gives some breathing space to face H2, the broker said.
The group has raised its organic growth guidance from 3%/5% to 5%/6% and has confirmed its underlying OM target of over 12%.
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