Danone's U.S. Dairy, Plant-Based Arm Needs More Investment
Dow Jones08-17
1003 GMT - Danone's portfolio initiatives in its U.S. Essential Dairy and Plant-Based segment should support volumes, David Hayes at Jefferies says in a note. There is evidence that the EDP arm requires more investment, he says. The company's second-quarter results reinforced concerns that growth is less margin-accretive and more risky, Hayes adds. Shares are down 1.34% at 66.34 euros.
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