Danone Shares Lead the CAC 40, Up 5.5% Over a Month
This Wednesday midday, the French food industry giant takes the lead in the Parisian index, in a downward trending market. A revised opinion from a major Spanish firm supports the recent momentum of the stock, which is gradually overcoming the spring dip.
Santander Raises Target to €85 and Upgrades Danone to Outperform
Grupo Santander has shifted its rating from neutral to outperform this Wednesday on Danone, raising its price target from €81.90 to €85.00. This new target offers a theoretical potential increase of about 28% from the current price of €66.28. The stock responded during the session with a 1.5% increase, the highest rise in the CAC 40, while the Parisian index fell by 0.29%. Today's rebound is part of a broader trend: the stock has gained 3.5% over the week and 5.5% over the month, after hitting a low around €62 in mid-May, as illustrated by a rebound from the €61.44 support.
The Stock Moves Above Its Short-Term Averages and Faces Resistance at €67.40
At €66.28, the price is now significantly above its MM20 (€62.74, a +5.6% difference) and MM50 (€65.26, a +1.6% difference), signaling a short-term reconquest. However, the MM200 at €71.82 remains 7.7% above the current price, marking the medium-term ceiling to be reclaimed. Before this, the immediate resistance is at €67.40, just 1.7% away. The RSI at 58 confirms a positive momentum without strain. The stock is still down 4.2% over three months and 10.3% over a year, leaving room for recovery. The €67.40 threshold will be the next technical test to extend the momentum that began in mid-May.
