Overweight Rating For DANONE SA (DANOY), And Nestle
By Benzinga Staff
February 03, 2010 1:14 PM
February 03, 2010 1:14 PM
Tags: Barclays Capital
Barclays Capital initiated coverage on Danone SA (ADR) (OTC: DANOY), Nestle (), L’Oreal SA and Beiersdorf AG.
The firm gave an Overweight rating for Danone for its entrepreneurial approach to accelerate emerging market growth. According to Bloomberg, a positive outlook is viewed for Nestle based on its strong presence in emerging market and its compelling valuation.
Barclays has a Neutral outlook for food and home and personal care sector. The firm provided an Underweight rating for both L’Oreal SA and Beiersdorf AG saying that the volume recovery was more than estimated for 2009.
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