Nestlé: Liberum raises target price

(CercleFinance.com) - Liberum maintains its "hold" rating on the Nestlé share, while raising its corresponding target price from 95 Swiss francs to 107 Swiss francs, after its published interim results, which in particular illustrated "a faster rate of realization of margins and improved organic sales growth".


"Returns are improving as management sells off underperforming, non-core businesses while lifting focus on faster growing categories," the broker adds in its comments on the Swiss agri-food giant.


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