Danone (OTCMKTS:DANOY) Stock Rating Lowered by Bank of America

Danone (OTCMKTS:DANOY) was downgraded by research analysts at Bank of America from a “buy” rating to a “neutral” rating in a report released on Monday, The Fly reports.

Other analysts have also issued research reports about the stock. Morgan Stanley lowered shares of Danone from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, April 7th. Credit Suisse Group upgraded shares of Danone from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 15th. Jefferies Financial Group raised shares of Danone from a “hold” rating to a “buy” rating in a research note on Wednesday, March 18th. HSBC raised shares of Danone from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Finally, Societe Generale reaffirmed a “sell” rating on shares of Danone in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $20.00.

Shares of Danone stock opened at $13.96 on Monday. Danone has a fifty-two week low of $11.25 and a fifty-two week high of $18.20. The firm has a market capitalization of $47.89 billion, a P/E ratio of 16.23, a P/E/G ratio of 3.50 and a beta of 0.74. The company’s 50 day moving average price is $13.85 and its two-hundred day moving average price is $14.45.

Danone Company Profile

Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the DanActive, Danimals, Dannon, Danonino, Light & Fit, Oikos, Wallaby, YoCrunch, Danone, Danonino or Prostokvashino, Light & Free, and Vitalinea brand names; and almond-based, cashew-based, soy-based products, ice creams and novelties, and nutrition products under the Silk, So Delicious, Vega, and Alpro brands.

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Analyst Recommendations for Danone (OTCMKTS:DANOY)

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