Nestle : Marked acceleration in Q3 2020: organic growth of 4.9%
>More than a safe haven stock - Buy recommendation maintained. Nestlé is appreciated for its status as a safe haven/defensive stock, a status that it has gained thanks to its resilience. And this is partly responsible for its YTD stock market performance. However, Q3 results show that the group is also a growth stock. Indeed, the group posted very strong 4.9% organic growth in Q3, making Nestlé a winner in this crisis. At the same time, the group is continuing with th...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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