Nestle : Q1 set to be weak but less so than others. Watch out for the Swiss franc
>Limited upside but favourable momentum: Still Buy - The share’s impressive run (+25% since the start of July 2018 and +21% YTD) has pushed the P/E 19e up to 22x; this limits upside in the short term. But we remain at Buy given the positive momentum in relative terms and absolute terms. The rumours in the market on the potential disposal of NSH and Herta are promising in terms of the valuation, Q1, although fairly weak, does seem to be better quality than that of its ...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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