Danone, FR0000120644

Jefferies cuts Danone target from EUR 62 to EUR 60 for Danone stock

Published on 10/08/2026 at 12:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 2026 like-for-like sales grew 3.50 percent, Q2 4.20 percent. Danone stock costs EUR 58.99 on October 8, 2026 after EUR 59.24, minus 0.42 percent.

Flatlay auf Marmor: Aktienzertifikat FR0000120644, Milchflasche, CAC-40-Karte, Goldstift — Flatlay mit Danone S.A. Aktienzertifikat FR0000120644, Milchflasche, Joghurt und goldenem Stift auf Marmor, Illustration mit AI erstellt.

Danone stock was trading at EUR 58.99 at Lang & Schwarz on October 8, 2026 at 12:13 p.m. CEST, with a change of minus 0.42 percent versus the prior close of EUR 59.24. On October 2, 2026, Jefferies cut its Danone price target from EUR 62.00 to EUR 60.00 and kept an Underperform rating, according to Markets Insider.

Jefferies trims target to EUR 60

Jefferies cited weaker expectations for third-quarter like-for-like sales, including the loss of Argentine dairy hyperinflation pricing and a struggling Mizone water brand in China. The EUR 60.00 target stands EUR 1.01 above the Lang & Schwarz price, a 1.68 percent premium based on the October 8, 2026 euro quote.

First-half growth reaches 3.50 percent

Danone's latest company update reported first-half 2026 like-for-like sales growth of 3.50 percent. Second-quarter like-for-like growth accelerated to 4.20 percent from 2.70 percent in the first quarter, while reported first-half sales increased 1.40 percent, according to GlobeNewswire.

The second-quarter sales figure was EUR 7.215 billion, with volume and mix contributing 1.90 percent and pricing contributing 2.30 percent. The split matters because Jefferies' concern centers on the durability of price-led growth in selected markets rather than on the absence of group-level expansion.

October 28 marks the next test

Danone's 2026 outlook calls for like-for-like sales growth between 3.00 percent and 5.00 percent, with recurring operating income growing faster than sales. The company is due to publish third-quarter 2026 sales on October 28, 2026, giving investors a scheduled test of whether the 4.20 percent second-quarter pace carried into the next reporting period, according to GlobeNewswire.

Stock stays below the target

At EUR 58.99, the Lang & Schwarz quote remained EUR 1.01 below Jefferies' revised EUR 60.00 target on October 8, 2026. The reference price was EUR 0.25 below the prior close of EUR 59.24, making the daily move minus 0.42 percent rather than a directional breakout.

The further course of trading is shown by the continuously updated real-time quote of Danone stock.