1158 GMT - Nestle's investor update showed the Swiss food giant is seeking to do the right things, but delivering on its plans will be key, RBC Capital Markets' James Edwardes Jones and Wassachon Fon Udomsilpa say in a note. "Good intentions are one thing, delivery another…but those good intentions represent a worthwhile evolution," the analysts say. Nestle's problems of late have as much to do with expectation management as with operations management, RBC says. The company's aims to expand the product categories in which it operates, boost marketing spending and focus on its cash flow look positive, the analysts say. Shares fall 1.9% to 76.72 Swiss francs, trading at levels last seen in 2018. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
November 19, 2024 06:59 ET (11:59 GMT)
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