Danone: Oddo BHF positive ahead of trading update

(CercleFinance.com) - Oddo BHF has confirmed its 'outperform' rating on Danone shares, along with its E71 target price, ahead of its Q3 trading update on 24 October, for which it forecasts organic sales growth of 3.
5%.

According to the broker, this relatively modest level of organic growth is likely to contribute to the share's consolidation, after three months of outperformance, while qualitatively, the quarter should reinforce the idea that momentum remains solid.

It continues to believe that the share's rerating should continue as the group moves ahead with its refocusing agenda, which will enable it to establish itself on a profitable and sustainable growth trajectory, it adds.


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