Research Disclosures & Disclaimers

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published UBS Global Research products, including those related to
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Danone (DANO.PA)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (€)	Price Target (€)	Rating
2022-02-16	55.37	45.00	Sell
2022-07-28	53.40	49.00	Sell
2022-10-14	47.98	41.00	Sell
2023-02-23	53.90	43.00	Sell
2023-10-10	54.12	45.00	Sell
2023-10-27	55.17	47.50	Sell
2024-01-15	61.55	70.00	Buy
2024-02-23	60.71	72.00	Buy
2025-01-10	64.40	74.00	Buy
2025-02-27	68.42	78.00	Buy

Disclosures

UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.