(Boursier.com) — Danone fell 2% this Friday to 49.50 euros, despite the upward trend in the market. It must be said that Morgan Stanley downgraded the file to ‘underweight’ with a target price lowered from 54 to 48 euros only in a market deemed difficult to read in 2023. RBC Capital had, on the contrary, raised to ‘outperform’ its recommendation on the agrifood giant while raising its target to 69 euros. The analyst believes that Danone seems to be ready for a “margin reset strategy”… “Contrary to common opinion”, the latter does not see excessive exposure to commoditized or fragmented markets without added value. The broker adds that the portfolio of the French group even seems to be “less difficult to recover” than that of Nestle !
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