Citi downgraded Danone (DANOY) to Neutral from Buy with a price target of EUR 73, up from EUR 66. The firm says that after a 17% outperformance versus the sector year-to-date and limited upside risk to estimates, the “story may be due for a pause.”
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Read More on DANOY:
- Danone price target lowered to EUR 70.70 from EUR 72.60 at Berenberg
- Danone’s Strategic Positioning and Growth Potential Justify Buy Rating
- Danone upgraded to Overweight from Equal Weight at Morgan Stanley
- Danone price target raised to EUR 61 from EUR 56 at Jefferies
- Competitive Pressures and Profit Margin Concerns Drive Sell Rating for Danone SA