Skip navigation Scroll to top

Scroll to top

Danone: Rating change to Unattractive*

February 20, 2014

Danone (Rating change from Attractive to Unattractive*) did not meet earnings expectations with its result (underlying earnings / share EUR 2.78 vs. consensus EUR 2.84) and the outlook is dimmed. In 2014, the company expects sluggish demand in Europe, milk prices that continue to rise and strong exchange rate fluctuations in the emerging markets. Neither in the result, nor in the medium-term outlook, we see a trigger that justifies a higher valuation of the stock and therefore change our rating to unattractive.

Download LGT Navigator

More daily market views you can find in the latest PDF version of LGT Navigator: Download LGT market information