Nestle : We are adopting a transition scenario pending a redefinition of targets by the new CEO
>A recovery of credibility remains possible in a reasonable timeframe - Outperform maintained with a target price cut to CHF 101 (vs CHF 113 previously). Our target price (DCF with beta deliberately raised to 0.9) implies a 2025 PE of 19x and upside of close to 20%. With a 2025 PE that has fallen to 17x, we think investor confidence is far more damaged than the profitable and resilient growth model on which Nestlé built its quality stock status. The priority given to...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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