Zacks Investment Research lowered shares of Danone (OTCMKTS:DANOY) from a buy rating to a hold rating in a report issued on Tuesday, December 19th.
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. “
Several other equities research analysts have also recently weighed in on DANOY. Royal Bank of Canada raised Danone from an underperform rating to a sector perform rating in a research note on Wednesday, October 18th. Wells Fargo & Co initiated coverage on Danone in a research note on Friday, September 15th. They issued an outperform rating on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $19.00.
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Danone SA is engaged in holding directly or indirectly companies, and coordination of the main functions and activities. The Company operates through four segments: Fresh Dairy Products Division, Waters Division, Early Life Nutrition Division and Medical Nutrition Division. The Fresh Dairy Products Division produces and markets yogurts, fermented fresh dairy products and specialized dairy products.
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