UBS has given Nestlé a "Neutral" rating and set a price target of 83 francs for the company's upcoming capital markets day. The analyst emphasized the need for management to revitalize key growth areas, eliminate underperforming segments, and allocate resources to innovation, digitalization, and sustainability while also strengthening the balance sheet.
Nestlé shares were trading down 0.2 percent at CHF 78.56, indicating a potential upside of 5.65 percent relative to the price target. The stock has declined by 16.8 percent since the beginning of 2024, with 612,169 shares traded on the SIX Swiss Exchange. Nestlé is expected to report its Q4 2024 earnings and sales figures on February 13, 2025.