Danone: Stifel adjusts its price target

(CercleFinance.com) - Stifel has confirmed its 'buy' recommendation on Danone shares, nudging up its target price from E70 to E72, following the food group's announcement that organic growth remained strong in Q1.


"EDP should rebound from here as the brand momentum further unfolds and the upcoming CMD should feature an additional trigger for the shares, in our view", the broker says.

Stifel also expects Danone to raise its targets at its investor day in June, or when it will publish its H1 2024 results.


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.