Danone: Barcap raises target price.
(CercleFinance.com) - Barclays Capital (BarCap) has reiterated its "overweight" recommendation on the Danone stock and has raised its target price by 4% to 73.
5 euros, continuing to see the risk-return ratio of the agri-food group's stock as "attractive".
"Better execution, reinvestment and the abatement of multiple headwinds should see growth restored to best in class levels. Meanwhile, a credible margin story is developing in the background" the broker said.
BarCap adds that if Danone were to fail to deliver on its promises, external intervention could not be entirely excluded to enforce faster shareholder value creation from underperforming assets.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
5 euros, continuing to see the risk-return ratio of the agri-food group's stock as "attractive".
"Better execution, reinvestment and the abatement of multiple headwinds should see growth restored to best in class levels. Meanwhile, a credible margin story is developing in the background" the broker said.
BarCap adds that if Danone were to fail to deliver on its promises, external intervention could not be entirely excluded to enforce faster shareholder value creation from underperforming assets.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.