RBC Capital analyst James Jones upgraded Danone to Outperform from Sector Perform with a price target of EUR 69, up from EUR 55. The company is "rising to the challenge" and is set for a "textbook margin reset strategy," Jones tells investors in a research note. He believes Danone’s portfolio looks less challenged than peer Nestle’s.
Published first on TheFly
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- Danone price target lowered to EUR 65 from EUR 70 at JPMorgan
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