Danone: Oddo reduces target price
(CercleFinance.com) - Oddo confirms its "outperform" rating on Danone shares, albeit with a reduced target price of 64 euros (from 71 euros).
With Q3 results due to be published at the end of October, the broker expects sales growth of 13.6% (to 6998 million euros), driven by a +6.7% currency effect and organic growth of +6.9%.
In short, analysts say that the main message from their contact with the company is that Q3 should not be very different from Q2.
They are positive as they expect a refocusing (of each business unit and later of the group) that will enable the operational footprint (ranges, brands, channels, countries) to be deployed in a more balanced and agile manner and thereby trigger a rerating.
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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.
With Q3 results due to be published at the end of October, the broker expects sales growth of 13.6% (to 6998 million euros), driven by a +6.7% currency effect and organic growth of +6.9%.
In short, analysts say that the main message from their contact with the company is that Q3 should not be very different from Q2.
They are positive as they expect a refocusing (of each business unit and later of the group) that will enable the operational footprint (ranges, brands, channels, countries) to be deployed in a more balanced and agile manner and thereby trigger a rerating.
Copyright (c) 2022 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.