There's a global investing opportunity in a corner of health care that is both "significant and underappreciated," according to Barclays. The segment is clinical nutrition, which the bank defined as an area focused on patients who need specific supplemental nutrition because of chronic health care conditions or because they are unable to eat.
Barclays said French food company Danone's medical nutrition business is a "hidden gem," though it added that the onus is on its new management to "unlock its full potential." It noted that this unit forms a "meaningful" 12% of group sales and 18% of earnings before interest and taxes. "We view it as a 'hidden jewel' where we expect increased investment from the new management team," Barclays said.
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