Blog: US uncertainty for Nestlé
Dean Best | 18 December 2007
Shares in Nestlé dipped today (18 December) after analysts, worried about the prospect of a downturn in the US, trimmed their ratings on the stock.
The downgrades could just be a reaction to the fact that Nestlé shares had been trading at a premium in recent weeks.
Investors, growing in nerves amid this summer’s credit crunch, have been looking to the safety of big, robust multinationals like the world’s biggest food company.
However, even a company the size of Nestlé will suffer if the US economy does go into recession. Nestlé announces its results for 2007 in late February; food executives around the world will be watching the Swiss giant’s outlook for the US with interest.
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