Danone: stock trading at a discount, Morgan Stanley says
(CercleFinance.com) - In a report released on Thursday Morgan Stanley reiterated its "overweight" rating on Danone, maintaining its target price of 80 euros for the share.
"Danone is a rare direct play on global wellness trends, with attractive self-help potential," the broker wrote.
"Yet the stock trades at a discount to peers," it added.
Morgan Stanley thinks a good momentum in the US, thanks to Danone's WhiteWave brand, should drive improved risk perception and growth profile for the French food group in the next 12 months.
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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.
"Danone is a rare direct play on global wellness trends, with attractive self-help potential," the broker wrote.
"Yet the stock trades at a discount to peers," it added.
Morgan Stanley thinks a good momentum in the US, thanks to Danone's WhiteWave brand, should drive improved risk perception and growth profile for the French food group in the next 12 months.
Copyright (c) 2018 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.