NESTLÉ : Barclays lowers target price
While acknowledging that Nestlé has been punished for a number of missteps, the broker believes that its targets now look realistic, with weak RIG already reported for the first quarter of 2024.
'There are a number of RIG drivers beyond Q1, which could lead to sequential improvements over the rest of 2024. However, Nestlé has lost its once famous benefit of the doubt', he continues.
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