Nestle : Trickle-down effect: leverage for a 2020e P/E of 21x
>Target price raised to CHF 100 21x 2020e - Following last week’s full-year earnings and conference call, we at still at Buy on the stock with a higher target price of CHF 100. The upside may seem limited, but it is solid. Nestlé brings together several advantages: 1/ an opportune defensive profile in the current climate of uncertainty and stagnant interest rates. 2/ a repositioning story which is gradual and therefore without any sudden shocks and excessive...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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