Danone: UBS still steering clear

(CercleFinance.com) - UBS has reiterated its "sell" rating on Danone shares, while maintaining its corresponding target price at 45 euros, which suggests downside potential of 20% for the French agrifood group's shares.


"Detailed look at the US dairy & plant based segments signal additional headwinds ahead for Danone which we believe will be reflected in the group's new strategy," the broker says.

The share is up about 1% at almost 57 euros this morning.


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