Danone: Oddo BHF still a buyer
(CercleFinance.com) - An analyst at Oddo BHF this morning maintains his buy rating on the Danone share, after the group published its interim results.
The analyst noted a number of encouraging turning points.
The publication of interim results once again highlights the benefits of its rebalancing between growth (still very modest) and profitability. Although organic growth remains modest, we note a number of factors that should reduce the market's skepticism, Oddo BHF said, which adds that, excluding a boycott in Morocco (which is not an excuse), Q2 organic growth stands at 4.3%.
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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.
The analyst noted a number of encouraging turning points.
The publication of interim results once again highlights the benefits of its rebalancing between growth (still very modest) and profitability. Although organic growth remains modest, we note a number of factors that should reduce the market's skepticism, Oddo BHF said, which adds that, excluding a boycott in Morocco (which is not an excuse), Q2 organic growth stands at 4.3%.
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.