Nestle : Acceleration of the price effect in Q2 with the volume mix holding out. Adjustment (relatively neutral) to guidance for 2022
>Outperform recommendation maintained - Outperform recommendation maintained with a target price of CHF 118. Despite the ramp-up of price effects, Nestlé continues to display good resilience with a mix/volume effect that remained in positive terrain in Q2. The adjustment to 2022 guidance came as no surprise and should lead to very marginal revisions, or even slightly positive for the consensus. The degree of operational diversification at the group (ranges, channels, ...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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