Oddo confirms its outperform rating on Danone, with an unchanged target price of 64 euros.

In a press release issued this morning, Danone announced its 'ambitious' reduction in methane emissions by 2030, in absolute terms (i.e. a reduction of 1.2 million tonnes of carbon dioxide), reports the broker, which corresponds to a 30% reduction in methane emissions in absolute terms.

According to the analyst, the measures announced are "relatively vague" (Danone indicates that this ambition will be generated through support for farmers, collaboration with stakeholders and dialogue with public authorities) but that "the ambition is clear".

While it's positive to see Danone addressing this issue, we nevertheless believe that reviving demand for value-added fresh dairy products requires above all a revival of innovation and, above all, a structuring of the portfolio", concludes Oddo.


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