EURO CDS:2) In the Waters and Medical Nutrition the

EURO CDS:2) In the Waters and Medical Nutrition divisions the company will continue to identify new growth opportunities in emerging markets, as well as new business models, simultaneously continuing to focus on productivity, which it says is critical in light of volatile raw material prices. Looking forward, the company said its mid-year performance allows it to increase its outlook for 2010, targeting a sales growth of at least 6%, a stable operating margin and a free cash flow growth of at least 10%. Shares in Danone are currently down E1.5 trading at the E44.82 level, with CDS spreads around 1 bps tighter at the 65 bps level.