Nestle Analysts Are Most Negative on the Stock in Four Years
- Deutsche Bank, UBS and Berenberg all downgrade ratings
- Consensus rating on stock at lowest since 2020: Bloomberg
Nescafe instant coffee.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Nestle SA analysts are cutting their recommendations on the stock in droves on worries that the consumer company will struggle to drive profit growth, leaving it with most negative consensus rating in four years.
Deutsche Bank AG, UBS Group AG and Berenberg all lowered their ratings this week. Analysts at UBS posed the question “What did we get wrong?” in a report explaining that Nestle faces weak sales growth of Nespresso and a slowdown in its pet care business.