Nestlé Stock Analysis by UBS
On Monday, the Swiss bank UBS maintained its „Buy“ rating for Nestlé with a price target of 117 Swiss Francs ahead of the half-year results expected on July 25. Analyst Guillaume Delmas predicts a 3.7 percent organic sales growth in the second quarter, following a 1.4 percent growth in the first quarter. He attributes this acceleration to the increase in internal real growth (RIG), which consists of sales volume and mix effects.
The original study was published on June 10, 2024, at 18:15 GMT. This information is provided by dpa-AFX Analyser.
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