Danone stock breaks through its 30-session high at €63.24, boosted by Morgan Stanley
The dairy products, water, and infant nutrition group extends its rebound in a well-oriented Paris market. A brokerage house raised its target today, and the stock reclaims a technical level it had lost.
Morgan Stanley raises its target to €82 and upgrades Danone to overweight
Morgan Stanley raised its price target today from €80 to €82 and now classifies the stock as overweight. With a price at €64.80, this target leaves upside potential of approximately 27%.
The increase comes after the publication of its third-quarter sales, up 4.0% on a comparable basis, of which 3.6 percentage points come from price increases.
The group confirmed its annual growth range of +3% to +5%. To contextualize this opinion, the analyst consensus on Danone remains available in detail. The stock gains 2.47% in session, in a CAC 40 that advances 1.08%, and ranks among the strongest gainers in the index.
The stock breaks above €63.24 but remains below its 200-day moving average
The price has broken above its 30-session high of €63.24, a threshold that becomes a support level. It now stands 6.95% above its 20-day MA and 5.04% above its 50-day MA, while the 200-day MA at €66.66 remains 2.79% above the current price. This rebound contrasts with a decline of 10.3% over three months, while the stock gains 6.54% over one week.
The RSI, at 67, reflects a clear momentum gain without reaching overbought territory. The next identified resistance is found at €74.40, while the 200-day MA remains the first level to reclaim.
