Nestle : Q3 at 6.1% on an organic basis with a virtually stable volume/mix (-0.1%)
>Outperform rating maintained - Outperform maintained with a target price of CHF 123. The stock’s recent de-rating, in the wake of that of the US Food HPC stocks, provides a long-term opportunity for the group to position itself on a quality safe-haven stock with more than reasonable multiples (P/E 24e of 18.5x). The stock’s reaction to the Q3 sales publication could be slightly negative due to the forex impact but, due to the recent decline, it should not be ruled ou...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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