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Legal decision harms Danone
HEALTH product producer Danone yesterday saw its share valuation downgraded by analyst Sanford C Bernstein.
Growth expectations for this year and the medium-term have been downgraded for the world’s largest yogurt maker, despite a strong stock performance in 2010.
It now carries a “market-perform” rating, down from “outperform”, due to risks facing its business.
Legal rulings recently blocked the promotion of health benefits on its products, including Actimel and Activia, which could hit performance.