Nestlé: UBS reduces its target price

(CercleFinance.com) - While maintaining its 'neutral' recommendation on Nestlé shares, UBS has reduced its target price from 95 CHF to 91 CHF, a new target implying 7% upside potential for the Swiss food group's stock.


"We expect Nestle to cut its 2024 guidance when the group reports its 9M sales on 17 Oct. Our 2024 & 2025 EPS estimates are cut by 4% & 5% respectively".


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.