Danone: Liberum raises target price
(CercleFinance.com) - Liberum reiterates its "buy" recommendation on the Danone share, having raised its corresponding target price from 80 euros to 90 euros, while nudging up its 2019-21 estimates of 1%, "post a solid 1H'19 which showcased a faster pace of margin delivery".
"Danone remains on the path of profitable, sustainable growth. The group has “decoupled” the mid-term growth agenda from its immediate efficiency plans and is focused on driving sustainable underlying profits," the broker points out.
Liberum also points out that the agri-food group targets five billion euros in sales from plant-based products by 2025, which provides a solid growth driver, particularly in international markets
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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 remains on the path of profitable, sustainable growth. The group has “decoupled” the mid-term growth agenda from its immediate efficiency plans and is focused on driving sustainable underlying profits," the broker points out.
Liberum also points out that the agri-food group targets five billion euros in sales from plant-based products by 2025, which provides a solid growth driver, particularly in international markets
Copyright (c) 2019 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.