Nestle : 2022 results broadly in line. A vigorous set of organic targets for 2023 and a reassuring message about the trading operating profit margin
>Outperform rating reiterated - Outperform rating reiterated (TP CHF 118). The stock is trading on a 2023e PER of 22x and is therefore reasonably valued for a core holding company (strategically focused with a diversified and balanced operational footprint) within the Consumer Staples industry and for a stock that can become a safe haven if market conditions turn difficult.The market is expected to react slightly positively to this morning’s earnings release. EPS...Nestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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