1124 GMT - Danone's stock outperformed peers and the market since the start of the tariffs turmoil, reflecting its defensive qualities and fully pricing in its potential for delivering profit improvements, Citi analysts say in a note. The French food company is not exposed to tariffs given that its dairy products, particularly fresh, need to be produced locally, they say. The analysts estimate that around 90% of Danone's products sold in the U.S. are produced locally. Added to that, the company is set to benefit from a positive birth rate data in China, which is expected to support sales growth soon, they say. Following the 17% sector outperformance, Citi downgrades Danone's stock recommendation to neutral from buy, and lifts the target price to 73 euros from 71.20 euros. The stock is up 0.7% at 71.7 euros. (michael.susin@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 07:24 ET (11:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。