Danone SA (DANOY) Stock Rating Upgraded by Zacks Investment Research
Danone SA (NASDAQ:DANOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
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 recently commented on DANOY. Sanford C. Bernstein started coverage on shares of Danone SA in a report on Monday, October 3rd. They set an “outperform” rating on the stock. BNP Paribas restated a “buy” rating on shares of Danone SA in a report on Thursday, October 20th. Finally, Deutsche Bank AG cut shares of Danone SA from a “hold” rating to a “sell” rating in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.00.
Shares of Danone SA (NASDAQ:DANOY) opened at 12.53 on Friday. The company’s 50-day moving average is $0.00 and its 200-day moving average is $0.00. Danone SA has a 12-month low of $12.42 and a 12-month high of $15.77.
About Danone SA
Danone SA is a France-based food company. The Company is the parent company of the Danone Group (Group). The Company has mainly a role of holding, directly or indirectly, companies of the Group, and coordinating the Group’s main functions and activities. The Group is organized around its four divisions.
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