Danone (OTCMKTS:DANOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Zacks.com reports. The firm currently has a $20.00 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.74% from the company’s current price.
According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “
Other analysts have also issued research reports about the company. BNP Paribas raised Danone from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Credit Suisse Group lowered Danone from an “outperform” rating to a “neutral” rating in a research note on Monday, July 15th. Finally, HSBC began coverage on Danone in a research note on Friday, June 28th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Danone has an average rating of “Buy” and a consensus price target of $20.00.
Danone Company Profile
Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the DanActive, Danimals, Dannon, Danonino, Light & Fit, Oikos, Wallaby, YoCrunch, Danone, Danonino or Prostokvashino, Light & Free, and Vitalinea brand names; and almond-based, cashew-based, soy-based products, ice creams and novelties, and nutrition products under the Silk, So Delicious, Vega, and Alpro brands.
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