Danone: UBS still buying after CMD

(CercleFinance.com) - UBS has reaffirmed its 'buy' recommendation on Danone, with a target price of E72 - a target that offers 25% potential upside of 25% for the stock, the day after the French food group's CMD.


The group unveiled the next chapter of its strategy, targeting 3% to 5% organic growth and an operating margin rising faster than sales for the period 2025-28, objectives that are in line with UBS expectations.

CMD presented the progress made under the Renew strategy and a structurally improved outlook, the broker points out, adding that a convincing earnings growth algorithm translates into an annual EPS expansion of 8.5%.


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