Morgan Stanley analyst Pinar Ergun downgraded Danone to Underweight from Equal Weight with a price target of EUR 48, down from EUR 54. Ergun and the team think "reasonably-priced Staples stocks with a reliable growth proposition" should do well versus the market this year.
Published first on TheFly
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Read More on DANOY:
- Danone upgraded to Outperform from Sector Perform at RBC Capital
- Danone downgraded to Underperform from Neutral at Credit Suisse
- Danone: Information on the total number of voting rights and shares
- Danone downgraded to Market Perform from Outperform at Bernstein
- Danone price target lowered to EUR 65 from EUR 70 at JPMorgan
