Nestlé: Morgan Stanley a buyer before CMD
(CercleFinance.com) - Morgan Stanley confirms its buy rating advice ("overweight") on the share of the Swiss food giant Nestlé prior to the group's CMD, which will be held on 7 May.
The broker maintains its target at 105 Swiss francs, which means upside potential of just over 7%.
Analysts expect group management to focus on product innovations that accelerate growth. Current forecasts are unlikely to be raised at this time, Morgan Stanley says, although Nestlé should see its visibility improve, especially regarding the prospect of renewed organic growth of over 4% and a portfolio rotation.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker maintains its target at 105 Swiss francs, which means upside potential of just over 7%.
Analysts expect group management to focus on product innovations that accelerate growth. Current forecasts are unlikely to be raised at this time, Morgan Stanley says, although Nestlé should see its visibility improve, especially regarding the prospect of renewed organic growth of over 4% and a portfolio rotation.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.