As previously reported, RBC Capital downgraded Danone (DANOY) to Sector Perform from Outperform with an unchanged price target of EUR 73. Danone should continue to offer resilient compounding growth and its 3%-5% revenue growth guidance is “realistic,” but the firm cites valuation for the downgrade with shares closing in on the firm’s unchanged price target
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DANOY:
- Danone board to propose dividend of EUR 2.15 per share in respect to FY24
- Danone says FY25 guidance in line with mid-term ambition
- Danone intends to buy back 2.7M of shares in FY25
- Danone reports Q4 revenue EUR 6.72B vs. EUR 6.66B last year
- Sell Rating Due to Market Performance and Valuation Concerns