Danone: UBS reiterates its buy recommendation

(CercleFinance.com) - Analysts rate Danone's half-year results as solid.
Danone reported current earnings per share up 2.6% to 1.80 euros for the first six months of 2024.

UBS reiterates its buy recommendation on the stock, with a target of 72 E, corresponding to a potential upside of 22%.

'Cash flow, operating margin and earnings per share all beat consensus expectations despite adverse weather conditions in Europe in Q2', says UBS.

Danone confirms its guidance for the full year 2024 of like-for-like sales growth of between +3 and +5%, and a moderate improvement in its current operating margin.

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