Danone rises after JPM predicts strong Q3, annual results

** Shares of French food and beverage group Danone BN jump more than 4% to their highest price since mid-September, after J.P.Morgan analysts upgraded their forecast for the upcoming Q3 results

** "We expect a strong quarter with 4.7% LFL (like-for-like sales) versus Bloomberg's consensus (of) 4.4%, a good outcome amid a much more cautious set up for the rest of European staples," JPM says in a preview note

** The brokerage adds it expects an overall strong full-year result for Danone, as sales continue to be driven by volumes

** "A best-in-class performance in European Staples with momentum going into full-year of 2026, the mix of the business bodes well for gross margin improvements," the analysts write, adding that Danone's shares have potential to grow further

** Up to the previous session's close, the shares were up 11.3%​ YTD