Nestlé: Oddo maintains buy rating
(CercleFinance.com) - Oddo reiterates its Outperform rating on Nestlé shares with a target price of 118 Swiss francs.
Over one year, the stock (-5%) has outperformed the Stoxx 600 index, the analyst notes, for whom the group is showing its resilience in a difficult inflationary environment for a reasonable valuation multiple (23e P/E: 21x).
Uncertainty remains in the food HPC sector regarding the resilience of the mix/volumes to price increases.
Fundamentally, analysts believe that the portfolio expansion and strategic refocusing of recent years should make Nestlé more resilient, Oddo says, however.
Financially, it highlights the many EPS growth support factors that it expects over 2022 and 2023 (+7% and +8% respectively).
Copyright (c) 2022 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.
Over one year, the stock (-5%) has outperformed the Stoxx 600 index, the analyst notes, for whom the group is showing its resilience in a difficult inflationary environment for a reasonable valuation multiple (23e P/E: 21x).
Uncertainty remains in the food HPC sector regarding the resilience of the mix/volumes to price increases.
Fundamentally, analysts believe that the portfolio expansion and strategic refocusing of recent years should make Nestlé more resilient, Oddo says, however.
Financially, it highlights the many EPS growth support factors that it expects over 2022 and 2023 (+7% and +8% respectively).
Copyright (c) 2022 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.