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Nestle's 1H Growth Above Expectations: Vontobel -- Market Talk

26 Jul 2018 6:41 am

0641 GMT - Nestle's first-half growth is above expectations, with an acceleration in the key U.S. and Chinese markets, say analysts at Vontobel. "We like the fact that Nestle has accelerated the product innovation to drive growth, as seen with growth acceleration in Infant Nutrition and PetCare," says Vontobel. The bank expects Nestle to dispose of underperforming assets in the near term, which should boost growth and returns. (anthony.shevlin@dowjones.com)

(END) Dow Jones Newswires

July 26, 2018 02:41 ET (06:41 GMT)

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