Danone: UBS reiterates buy recommendation

(CercleFinance.com) - Analysts deem Danone's H1 results as solid.
Danone reported current EEPS that is up 2.6% to E1.80 for H1 2024.

UBS reiterates its buy recommendation on the stock, with a target price of E72, representing 22% upside potential.

"LFL, vol/ mix, operating margin and EPS all ahead of consensus expectations despite adverse weather in Europe in Q2", UBS says.

Danone confirms its guidance for the full year 2024 of like-for-like sales growth of between +3 and +5%, and a moderate improvement in its current operating margin.


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