Nestlé: Liberum ups target price, maintains hold rating
(CercleFinance.com) - An analyst at Liberum today said that he is raising his target price for the Nestlé share, now looking for 95 Swiss francs, so as to take into account an expected 10% increase in EPS over 2019-2020.
"Nestlé's 2020 targets strike a sensible balance between top and bottom-line growth and are bearing fruit as evidenced by the pick-up in growth in 2H'18," the analyst says.
Noting that the group is selling underperforming non-core businesses, while remaining disciplined in terms of organic investments, Liberum nevertheless maintains its "Hold" rating on the stock.
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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.
"Nestlé's 2020 targets strike a sensible balance between top and bottom-line growth and are bearing fruit as evidenced by the pick-up in growth in 2H'18," the analyst says.
Noting that the group is selling underperforming non-core businesses, while remaining disciplined in terms of organic investments, Liberum nevertheless maintains its "Hold" rating on the stock.
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.