Jefferies lowered the firm’s price target on Danone (DANOY) to EUR 82 from EUR 86 and keeps a Buy rating on the shares ahead of the company’s fiscal Q1 results. The firm cites Danone’s lower growth and limited signs of improvement in North America for the target cut. Jefferies reduced the company’s estimates to reflect weaker scanner data and supply chain disruption linked to the Middle East tensions.
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