(News Bulletin 247) – Bernstein on Tuesday downgraded his opinion on Danone shares, reduced from ‘performance in line with the market’ to ‘underperformance’ with a price target lowered from 55 to 50 euros.
In a broad study of Europe’s food and consumer goods sectors, analysts say Danone, like Henkel, Reckitt and Unilever, are among the market players today ‘least well positioned for future success’ ‘.
‘We are well aware that many investors appreciate the recovery operated by Danone because of the good choices which seem to be made by the general manager’, underlines the research department.
‘We share this point of view, but we do not yet have any proof that this strategy is working and that it will significantly improve future growth, brand strength and price control’ , concludes Bernstein.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
