Jefferies downgraded Danone (DANOY) to Underperform from Hold with a price target of EUR 56, down from EUR 66. The firm’s prior rating cut to Hold in September was premised on concerns that key contributors to sales growth and operating margin progression since 2022 were faltering, and Jefferies contends that a credibility-denting sales disappointment and margin miss await in 2025, the analyst tells investors in a research note.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DANOY:
- Lifeway Foods reaffirms rejection of takeover offer by Danone
- Anheuser-Busch InBev (BUD) Loses Control of Its Russian Joint Venture
- Danone initiated with a Neutral at Goldman Sachs
- Danone price target raised to EUR 80 from EUR 70 at JPMorgan
- Lifeway Foods expands on reasons for rejection of Danone’s acquisition proposal
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
