Nestle : Acquisition of Freshly, leading player in home-delivery prepared meals in US
>Continuing to transform the portfolio - Buy rating and CHF 118 target price maintained. With the acquisition of Freshly in the US, Nestlé continues to transform its portfolio. The deal also confirms the group's commitment to accelerating this transformation through acquisitions, after three years characterised more by disposals (confectionery in the US, ice creams in Europe and the US, Galderma). These moves are likely to continue with the group having placed Yinlu i...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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