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J.P. Morgan Sticks to Their Buy Rating for DANONE SA (0KFX)

Tipranks - Tipranks - Thu Jan 15, 11:12AM CST

In a report released today, Celine Pannuti CFA from J.P. Morgan maintained a Buy rating on DANONE SA, with a price target of €90.00.

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Pannuti CFA covers the Consumer Defensive sector, focusing on stocks such as L’Oreal, Nestlé SA, and Beiersdorf. According to TipRanks, Pannuti CFA has an average return of -2.4% and a 41.26% success rate on recommended stocks.

In addition to J.P. Morgan, DANONE SA also received a Buy from Barclays’s Warren Ackerman in a report issued today. However, on January 12, Deutsche Bank downgraded DANONE SA (LSE: 0KFX) to a Sell.

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Based on DANONE SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €13.74 billion and a net profit of €1.04 billion. In comparison, last year the company earned a revenue of €13.76 billion and had a net profit of €1.22 billion

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