Nestle : Weakness on pricing but record volume mix
>Buy maintained and target price raised to CHF 117 - Buy recommendation maintained and target price raised to CHF 117 after factoring in the cash returns announced yesterday (up to CHF 20bn for 2020-2022, i.e. 6% of market capitalisation). Nestlé is not only a defensive stock which has gained 30% YTD in a context of low rates and risk aversion but is also a group which should grow its underlying EPS by 26% in 2016 vs the 2017 level and increase underlying EPS by ...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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