0654 GMT - Nestle's job cuts, higher cost-savings target and good third-quarter performance are likely to lift the share this session, Bernstein analysts say in a research note. The Swiss food group's results well exceed even the most optimistic expectations, the analysts say. At the same time, the strategic update comes less than two months after the Swiss food company appointed Philipp Navratil as CEO. "In our conversations around Nestle, sentiment had swung positively over the past six weeks since Navratil's appointment, and the acceleration of Pablo Isla's appointment as board chair," Bernstein says. (sarah.sloat@wsj.com)
(END) Dow Jones Newswires
October 16, 2025 02:54 ET (06:54 GMT)
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