Bernstein analyst Callum Elliott has maintained their neutral stance on 0KFX stock, giving a Hold rating on February 27.
Callum Elliott’s rating is based on a combination of factors that highlight both the strengths and potential challenges facing Danone SA. The company has shown resilience in the food and beverage sector, particularly benefiting from the shift towards healthier eating trends. Danone’s focus on “better-for-you” products has allowed it to stand out in a market where many competitors face growth challenges, contributing to a nearly 20% increase in its stock over the past year.
However, despite these positive aspects, Elliott remains cautious about the long-term sustainability of Danone’s growth. While the company is expected to achieve close to 5% organic growth, which is at the high end of its long-term goals, there are concerns about its ability to maintain this momentum beyond 2025. Additionally, the current valuation offers limited upside, prompting a Hold rating as the stock is expected to perform in line with the market.
According to TipRanks, Elliott is a 3-star analyst with an average return of 3.3% and a 52.27% success rate.
In another report released on February 27, Deutsche Bank also maintained a Hold rating on the stock with a €65.00 price target.
Questions or Comments about the article? Write to editor@tipranks.com