Nestlé Cuts Sales Growth Outlook, Analysts Remain Bullish on Stock
Swiss food giant Nestlé has revised its sales growth outlook for the year due to an inability to fully pass on planned price increases. Despite this, analysts remain optimistic about the company's stock market performance, with BÖRSE ONLINE recommending a 'buy' and predicting a 21 percent price increase.
Nestlé's sales growth outlook has been reduced from four percent to at least three percent for the first half of the year. This is due to the company's inability to pass on planned price increases to customers. However, analysts continue to express confidence in Nestlé's broad portfolio of brands, with some predicting up to 21 percent rising prices for the company's stock market performance. The average analyst price target suggests an upside around 26 percent, with targets ranging from 73 to 104 CHF.
In contrast to the overall stock market, which has risen by double digits since the beginning of the year, Nestlé's stock market performance has lost -8.1% in value during the same period.
Despite the revision in sales growth outlook, analysts remain bullish on Nestlé's stock market performance, predicting significant price increases. The company's broad range of brands continues to inspire confidence, with the average analyst price target indicating an upside of around 26 percent. However, investors should be aware of the stock market's underperformance compared to the overall market this year.
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