Zacks Investment Research Upgrades Danone (DANOY) to “Buy”
Danone (OTCMKTS:DANOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage currently has a $18.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 12.15% from the company’s previous close.
According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “
Separately, Wells Fargo & Company assumed coverage on shares of Danone in a research note on Friday, September 15th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.00.
Shares of Danone (OTCMKTS:DANOY) opened at 16.05 on Tuesday. Danone has a 12 month low of $12.21 and a 12 month high of $17.10.
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Danone Company Profile
Danone SA is engaged in holding directly or indirectly companies, and coordination of the main functions and activities. The Company operates through four segments: Fresh Dairy Products Division, Waters Division, Early Life Nutrition Division and Medical Nutrition Division. The Fresh Dairy Products Division produces and markets yogurts, fermented fresh dairy products and specialized dairy products.
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