Zacks Investment Research Downgrades Danone (DANOY) to Hold

Danone (OTCMKTS:DANOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, September 14th.

According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “

Danone (OTCMKTS DANOY) opened at 15.98 on Thursday. Danone has a 12 month low of $12.21 and a 12 month high of $17.10.

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About Danone

Danone SA is engaged in holding directly or indirectly companies, and coordination of the main functions and activities. The Company operates through four segments: Fresh Dairy Products Division, Waters Division, Early Life Nutrition Division and Medical Nutrition Division. The Fresh Dairy Products Division produces and markets yogurts, fermented fresh dairy products and specialized dairy products.

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