(CercleFinance.com) – RBC raised its opinion to ‘outperformance’ against ‘sector performance’ with a price target raised from 55 to 69 euros, showing a potential upside of 25% compared to the closing price on Friday evening .
In a research note, the intermediary recalls that many investors consider that the French group is positioned in market segments deemed ‘unattractive’.
An observation that he denies after having looked in depth at the company’s businesses.
‘We are not saying that Danone has an activity above the lot’, tempers RBC. ‘For us, it is difficult to do better than Nestlé,’ explains the analyst.
“But we say Danone’s portfolio is not as much at risk as some would like to say, which is an element that can support the implementation of a well-designed strategy aimed at improving margins”, concludes- he.
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