(CercleFinance.com) – While maintaining its ‘neutral’ opinion on Nestlé, Credit Suisse raises its price target from 110 to 128 Swiss francs on the title of the Swiss agri-food group, among a series of notes on European stocks of current consuption.
‘Nestlé’s turnaround has been impressive and the group is now in a position to consistently achieve mid-single-digit growth,’ the broker said in the introduction to his research note.
“That said, we think the stock is well valued at these current levels, and we see better opportunities elsewhere in the sector,” he said, however, posting “outperforming” opinions on Reckitt, Beiersdorf and Unilever. .
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
