Danone: Oddo confirms its analysis on the title

(CercleFinance.com) – Danone maintains its ‘outperformance’ rating on the Danone share, with an unchanged price target of 64 euros.

After supporting Danone’s top management and investor relations team for three days on a road show in North America, Oddo’s teams say they are ‘convinced of the potential for the group’s operational and strategic refocusing and rerating of the share (EP 2024: 14x)’.

‘The management explained very concretely to what extent confidence is being rebuilt at all levels: within the Board, between the Board and the Comex, between the Comex and the local management’, reports Oddo.

From now on, the 1st objective is to re-establish a virtuous circle of regular profitable growth where improving operating profit is no longer an objective in itself but stems from organic growth via innovation, gaining market share, improvement in the gross margin and the reinvestment of part of the operating leverage, underlines the analyst.

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