Nestle : Initial relief on cost of stimulus
>The worst seems to have been avoided - Outperform rating maintained with a target price of CHF 101. The positive reaction by the stock, which went during trading from -2% to nearly +3% - despite the downward revision in organic growth and operating margin forecasts for 2024 – stems, in our view, from two key factors; the end of the apparent suspense on the 2024 outlook and distancing of a scenario of a massive reset of margins to reposition the group on a qualitative...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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