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Nestlé: Oddo BHF still a buyer with new CEO

(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Nestlé shares, with an unchanged target price of 113 CHF.


The broker refers to last night's announcement of the appointment of Laurent Freixe as the new CEO as from 1 September, succeeding Mark Schneider.

The press release says nothing about the current forecast of organic growth of at least 3%.

However, the press release stresses the importance of execution, innovation and above all Laurent Freixe's in-depth knowledge of Nestlé's culture and values, in addition to his strong leadership.


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