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nestle stock faces historic drop as investors see turnaround potential

Nestle SA's stock has plummeted 25% this year, prompting J. Stern & Co. to increase its holdings, deeming the shares "far too cheap." Following the ousting of its CEO and reduced sales guidance, analysts are cautiously optimistic about a turnaround under new CEO Laurent Freixe, with expectations of a 20% stock rise in the next year. Despite the challenges, market sentiment suggests the selloff may have been excessive, particularly given Nestle's strong product portfolio in coffee, pet care, and nutrition.
BNN Bloomberg
Swiss Franc The Goldman Sachs Group Inc Citigroup Inc. Nestle SA Morgan Stanley CHE Jon Cox Cedric Besnard Mark L. Schneider Christopher Rossbach Laurent Freixe Olivier Nicolai Sarah Simon Cedric Norest Show more
Finance & Economy, Market Report
10:13 20.12.2024
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