Danone: UBS raises target price

(CercleFinance.com) - UBS confirms its buy recommendation on Danone shares, raising its target price for them to E72 (from E70), i.
e. upside potential of 17%.

The analyst believes that Danone is a transformation story that is already bearing fruit.

Analysts believe that Danone can sustainably achieve organic EBIT growth of more than 8% per year over the next 4 years. This will lead to upgrades and revaluation, it says.

For 2024, Danone expects LFL sales growth of 3% to 5%, as well as a moderate improvement in its underlying operating margin.


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