Accueil > Actualité
Actualite financiere : Actualite bourse

Nestlé: Oddo BHF raises target price

( - Oddo BHF maintains its "outperform" rating on Nestlé shares, raising its target price for them from 118 Swiss francs to 123 Swiss francs.

The broker has reviewed the group's agreement with PAI Partners to create a joint venture in frozen pizzas in Europe.

Nestlé will retain a non-majority economic interest, with voting rights equivalent to those of PAI, which leads it to believe that the capital and voting rights will be shared between PAI Partners, Nestlé and the JV's management, the broker points out.

It adds that it is likely that the creation of this JV in Europe could be a forerunner to the creation of a larger JV that would encompass pizza in the US, and even all of the frozen food assets in the US.

However, the transaction would initially only involve the frozen pizza assets in Europe and not those in the US.

Copyright (c) 2023 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.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.