Danone, FR0000120644

Danone stock: Morgan Stanley cuts Danone stock target from EUR 83.00 to EUR 80.00

Published on 10/21/2026 at 15:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 2026 sales grew 3.50 percent like for like. Danone stock costs EUR 60.79 on October 21, 2026, down 0.38 percent versus the Xetra close.

Analyst target and reporting date

Morgan Stanley lowered its Danone target from EUR 83.00 to EUR 80.00 on October 13, 2026.
Danone reported 3.50 percent like-for-like sales growth in the first half of 2026.
Danone stock costs EUR 60.79 at Lang & Schwarz on October 21, 2026 at 3:01 p.m. CEST, 0.38 percent below the Xetra close of October 20, 2026 and 23.92 percent below the 52-week high.
Danone is scheduled to publish third-quarter 2026 sales on October 28, 2026.

Bauhaus-Poster mit Text NAHRUNGSMITTEL, Primärfarben und geometrischen Flaschenformen — Bauhaus-Grafikposter für Danone S.A. FR0000120644 mit fettem Text NAHRUNGSMITTEL und geometrischen Primärfarben, Illustration mit AI erstellt.

Danone (ISIN FR0000120644) is trading at EUR 60.79 at Lang & Schwarz on October 21, 2026 at 3:01 p.m. CEST, down 0.38 percent versus the Xetra close of October 20, 2026 at EUR 61.02. On October 13, 2026, Morgan Stanley lowered its Danone target from EUR 83.00 to EUR 80.00 while maintaining an Overweight stance, as reported by Zonebourse. The target remains 31.60 percent above the Lang & Schwarz price.

Sales growth stays positive

Danone reported 3.50 percent like-for-like sales growth in the first half of 2026, with volume and mix contributing 1.70 percent and pricing adding 1.80 percent. The reported sales increase was 1.40 percent after a 3.30 percent foreign-exchange drag, according to the October 1, 2026 announcement carried by FT.com. Second-quarter sales reached EUR 7,215 million and rose 4.20 percent like for like.

Stock sits below yearly high

The EUR 60.79 price is 6.09 percent above the 52-week low of EUR 57.30 and 23.92 percent below the 52-week high of EUR 79.90, both as of October 21, 2026. Danone has a market capitalization of EUR 39.1 billion and a price-to-earnings ratio of 20.01 on the same date. The current level places the analyst target well above the recent trading range, while the daily move remains below the 1.00 percent threshold for a directional headline.

Results date and peer valuations

Danone is scheduled to publish third-quarter 2026 sales on October 28, 2026, with an analyst call at 8:15 a.m. CET, according to its investor-relations calendar. The company guidance for fiscal year 2026 calls for like-for-like sales growth between 3.00 percent and 5.00 percent, as stated in the October 1, 2026 announcement.

Comparison with peers

Danone: down 0.38 percent on October 21, 2026, price-to-earnings ratio 20.01, market capitalization EUR 39.1 billion.

Nestle: up 0.20 percent on October 21, 2026, price-to-earnings ratio 28.83, market capitalization CHF 214.2 billion on SIX.

PepsiCo: up 0.34 percent on October 20, 2026, price-to-earnings ratio 16.84, market capitalization USD 182.6 billion on Nasdaq.

What the target means for valuation

Morgan Stanley's revised EUR 80.00 target still implies a 31.60 percent premium to the Lang & Schwarz price. The market is therefore weighing modestly positive operating growth against a target reduction of EUR 3.00 and Danone's 23.92 percent gap to its 52-week high.

Danone stock stays below its high

Danone stock was trading at EUR 60.79 at Lang & Schwarz on October 21, 2026 at 3:01 p.m. CEST, 0.38 percent below the Xetra close of October 20, 2026 at EUR 61.02.

The further course of trading is shown by the continuously updated real-time quote of Danone stock.