Nestle : Q3 > forecasts. Sales and profit warning for 2024. The CEO is not wasting any time
>The new CEO is not wasting any time: Outperform rating maintained - Outperform maintained but with a target price of CHF 101. Our target price implies 2025e P/E of 19x and upside close to 20%. With a 2024e P/E that has fallen to 17x, we think that investors’ confidence has deteriorated far more than the profitable and resilient growth model on which Nestlé has built its status of quality stock. The priority given to organic growth under the new CEO Laurent Freixe (ar...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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