(News Bulletin 247) – Stifel maintains its Buy rating on Danone shares with a price target of 68E.
The visit to the R&D center impressed the analyst who ‘has the feeling that Danone indeed has a lot of scientific ammunition to differentiate itself and therefore market its products’.
While the team’s enthusiasm, along with a prescribed refocus of Danone on its health claim going forward, should be positive for Danone’s mid-term transformation success, Stifel remains cautious: ‘For now , we reiterate our short-term view of depressed volumes over the next few quarters.
And to support the return to basics for Danone: “Focusing on winning brands and leveraging capabilities across all platforms and geographies should provide additional growth levers,” continues the analyst.
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