Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Investing

Nestle stock upgraded at RBC on optimistic management comments

by
October 18, 2024
in Investing
0
Nestle stock upgraded at RBC on optimistic management comments
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Investing.com — Nestlé’s (SIX:NESN) stock has been upgraded by RBC Capital Markets to “outperform” from “sector perform,” following positive comments from the company’s management, especially during the third quarter results presentation. 

RBC’s decision to raise Nestlé’s rating reflects a renewed sense of optimism surrounding the company’s strategic direction under new CEO Laurent Freixe.

RBC analysts flagged that Nestlé’s management demonstrated a pragmatic and transparent approach, which aligns closely with market expectations. 

According to analysts, Freixe’s recognition that the company’s planned investments will take time to pay off in significant productivity gains resonated well with them. 

Nestlé’s long-term strategy was boosted by this realistic tone, particularly with regards to the possibility of margin slippage in 2025 before recovering in 2027.

Freixe’s candid comments about Nestlé’s intention to capture a bigger share of the global market, even in a challenging consumer environment, also encouraged RBC. 

Although Nestlé’s market share may not grow significantly within existing markets, Freixe believes it maintains a competitive position within existing markets. 

The company’s willingness to invest in growth, even ahead of expected productivity gains, was seen as a sign of management’s commitment to sustainable long-term performance.

With minimal changes to their forecast models for 2025 and beyond, RBC analysts maintained their price target for Nestlé at CHF 93 per share. 

They see the stock as offering a compelling balance of risk and reward, underpinned by a growth forecast of 3.5% organic sales in 2026-27. 

Analysts emphasized that the company’s approach of aiming for lower but more realistic growth targets, compared to earlier guidance of 4-6%, offers a more achievable pathway to profitability.

This post appeared first on investing.com
Previous Post

Take Five: Up and away

Next Post

ECB to keep options open in face of undershooting risk, Villeroy says

Next Post
ECB to keep options open in face of undershooting risk, Villeroy says

ECB to keep options open in face of undershooting risk, Villeroy says

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

July 1, 2025
Home Depot is buying GMS for about $4.3 billion as it chases more home pros

Home Depot is buying GMS for about $4.3 billion as it chases more home pros

July 1, 2025
Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

June 30, 2025
Microsoft says goodbye to the Windows blue screen of death

Microsoft says goodbye to the Windows blue screen of death

June 30, 2025

Recent News

Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

July 1, 2025
Home Depot is buying GMS for about $4.3 billion as it chases more home pros

Home Depot is buying GMS for about $4.3 billion as it chases more home pros

July 1, 2025
Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

June 30, 2025
Microsoft says goodbye to the Windows blue screen of death

Microsoft says goodbye to the Windows blue screen of death

June 30, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved