Danone: price target raised by UBS

(CercleFinance.com) - UBS has reaffirmed its 'buy' recommendation on Danone, with a price target raised from €74 to €78, a new target with a 13% upside potential for the stock, the day after the French food group's annual results.


"Better-than-expected like-for-like growth in the fourth quarter and over 2024 as a whole underlines the company's strong momentum to kick-start 2025", stressed the broker after the publication.

Welcoming 'a strong end to the year, but also a clear and attractive outlook for 2025 and at least three options', UBS sees Danone's momentum as first-rate, and therefore maintains its positive stance on the stock.

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