Danone warned of growing inflationary pressures next year after sticking by its 2021 guidance on Tuesday despite rising costs and slower quarterly sales growth that highlighted the scale of. | October 19, 2021
James Edwardes Jones from RBC retains his negative opinion on the stock with a Sell rating. The target price is revised downwards from EUR 52 to EUR 50. | October 19, 2021
RBC degrades the stock. Initially neutral, the broker is now advising to sell. The target price has been revised downwards and is now set at EUR 52 as compared to EUR 64 previously. | June 9, 2021
Keeps 2021 goals, search for new CEO ongoing Board sticks to departed boss Local First plan
PARIS, April 20 (Reuters) - Danone on Tuesday
stuck to its goal of returning to profitable growth in the
second half of 2021 after posting a 3.3% fall in first quarter
sales, as COVID-19 lockdowns continued to dent its bottled water
and baby food sales.
The French food group, which is searching for a new chief
executive, said it was banking on a gradual reopening of
economies from the second half of this year as COVID-19
vaccination programs are rolled out.
Former boss Emmanuel Faber was abruptly ousted as chairman