Danone (DANOY) Raised to “Buy” at Zacks Investment Research
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 firm presently has a $18.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 13.49% from the stock’s current price.
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 started coverage on shares of Danone in a research report on Friday, September 15th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.00.
Shares of Danone (OTCMKTS:DANOY) traded up 0.92% during midday trading on Tuesday, reaching $15.86. 1,766,650 shares of the company’s stock traded hands. Danone has a 52-week low of $12.21 and a 52-week high of $17.10.
WARNING: This report was posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/10/03/danone-danoy-raised-to-buy-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Danone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danone and related companies with MarketBeat.com's FREE daily email newsletter.