Danone (DANOY) Rating Increased to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Danone (OTCMKTS:DANOY) from a hold rating to a buy rating in a research report sent to investors on Monday morning. Zacks Investment Research currently has $17.00 target price on the stock.
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. “
A number of other analysts have also weighed in on DANOY. Credit Suisse Group upgraded shares of Danone from a neutral rating to an outperform rating in a research report on Friday, September 21st. Royal Bank of Canada upgraded shares of Danone from a sector perform rating to a buy rating in a report on Thursday, July 5th. Finally, Deutsche Bank upgraded shares of Danone from a hold rating to a buy rating in a report on Tuesday, July 31st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $17.00.
Danone Company Profile
Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the Danone, Activia, DanActiv, Danimals, Dannon, Danonino, Happy Family, Horizon Organic, Light & Fit, Oikos, YoCrunch, and Danio brands; and almond and soy milk, ice creams and novelties, and powdered proteins under the Silk, So Delicious, Vega, and Alpro brands.
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