Nestle’s highest revenue growth in the decade surprises Street. Should you buy, sell or hold?
“We upgrade our EPS est. by 3-4% and roll over to Mar-25. At ~65x 1-year forward EPS, Nestle trades higher than 5-year average and remains the most expensive staples stock in our coverage; we retain Hold with a revised target price of Rs 19,300 (was Rs 18,100),” said Jefferies in a post earnings note.
