Nestlé: RBC falls to ‘online performance’

( – RBC announced on Tuesday that it had raised its recommendation on Nestlé from ‘underperformance’ to ‘performance in line with the sector’, with a price target however revised downwards, from 97 to 96 Swiss francs.

According to the analyst, the stock price of the agri-food giant ‘now more correctly reflects some of the group’s weak points, but also its many qualities’.

From his point of view, organic growth of around 4% must now constitute the base market scenario, with the possibility that the current operating margin actually reaches the bottom of the range of 17.5% to 18.5 % that the group has set as a goal, but not for a while.

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