Danone (DANOY) Rating Increased 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 note issued to investors on Friday. The firm currently has a $19.00 price target on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.06% from the stock’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. “
DANOY has been the subject of several other reports. Royal Bank of Canada upgraded shares of Danone from an “underperform” rating to a “sector perform” rating in a report on Wednesday, October 18th. Wells Fargo & Co assumed coverage on shares of Danone in a report on Friday, September 15th. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $19.00.
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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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