Danone upgraded to Market Perform from Underperform at Bernstein

Bernstein upgraded Danone (DANOY) to Market Perform from Underperform with a price target of EUR 69, up from EUR 55. The firm has a more constructive long-term view on the European food and personal care sector. Industry growth is slowing, and so is global economic growth. but the “share losses of the pre-pandemic decade need not be structural,” the analyst tells investors in a research note.