Danone (DANOY) Receives $18.00 Average Target Price from Brokerages

Danone (OTCMKTS:DANOY) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.00.

Several brokerages have recently weighed in on DANOY. Royal Bank Of Canada upgraded shares of Danone from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, October 18th. Wells Fargo & Company began coverage on shares of Danone in a research note on Friday, September 15th. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research cut shares of Danone from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th.

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About Danone

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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