NEW YORK — Bernstein Research maintained Nestle's rating at "Market-Perform" with an unchanged price target of 74 Swiss francs, the firm said in a study released Monday.
A team led by analyst Callum Elliott drew on the firm's broader research into the success and failure of major global brands. Key criteria that separate winners from losers, Bernstein said, are investment, innovation, agility and ultimately relevance to consumers.
By those measures, Nestle remains a neutrally rated name in the consumer-goods sector, Bernstein added.
The research note carries an ISIN of CH0038863350. Disclosure information under §85(1) WpHG and Art. 20 of EU Regulation No. 596/2014 can be found at the dpa-afx website.
