(CercleFinance.com) – Barclays remains Overweight on the Nestlé share and has a price target of 135CHF.
“We believe the winners in 2023 will be commodity companies able to protect volumes in the face of a weakening consumer backdrop and rising prices,” the analyst said.
In this respect, ‘we think that Nestlé is well placed’, underlines Barclays before underlining: ‘an annual growth of more than 10% of the TSR is not to be despised in a period of recession’.
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