Nestlé Delays Price Hikes, Cuts Growth Forecast But Analysts Remain Bullish
Nestlé, the world's largest food and beverage company, has had to delay planned price increases for its products. This has led to a downward revision of its full-year growth forecast from four percent to at least three percent. Despite this, analysts remain optimistic about the company's stock market performance.
Nestlé's stock market value has experienced a decline of -8.1 percent since the start of the year, unlike the overall market which has seen double-digit growth. However, analysts see a 21 percent upside potential for the stock market value. They believe in Nestlé's broad portfolio of brands and view the current challenges as temporary.
BÖRSE ONLINE shares this positive outlook, recommending the purchase of Nestlé shares for the stock market.
Although Nestlé has revised its growth forecast and its stock market value has decreased, analysts and financial experts remain confident in the company's future. They believe in Nestlé's strong brands and expect the current issues to be temporary, presenting an opportunity for investors in the stock market.
