Nestle : Confident tone. 2023 remains slightly uncertain at this stage. But there’s no cause for concern
>Outperform rating maintained - Outperform rating maintained with a target price of CHF 118. The operating momentum is beginning to get less inspiring with organic growth driven in full by the price effect with the volume/mix verging on negative territory. This is likely to continue on a non-linear basis for the next three quarters and the consensus could adopt a more reasonable organic growth scenario for 2023 (we now see +3.3% vs consensus at +4.4%). But all told, w...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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