After Nestle (NSRGY) said it would evaluate strategic options for its confectionery business, including a possible sale of the unit, Bernstein analyst Andrew Wood says he thinks that the review was undertaken with a view to boosting the company's shorter term financial results,. He says that a sale of the business would be "short-sighted," as it would undermine the company's status as a global confectionery leader, could hinder its ability to manage confectionery assets and will eliminate its ability to benefit from "premiumisation" in the U.s. confectionery market. The analyst keeps a Market Perform rating on Nestle.