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2022-11-29 09:51:57 NSRGY Nestle $119.40 / +0.13 (+0.11%) 09:51 11/29/22 11/29 09:51 11/29/22 09:51	Nestle sees constant currency earnings growth of 6%-10% through 2025 At its investor seminar today in Barcelona, Nestle said it will share its strategy for "sustainable value creation" and outline its 2025 targets. The company "will detail how it will continue to deliver sustainable mid single-digit organic sales growth." Nestle expects to return to an underlying trading operating profit margin range of 17.5% to 18.5% by 2025, following the margin impact of a "sharp increase in cost inflation" in 2021 and 2022. The company also expects to deliver an annual underlying earnings growth range of 6% to 10% in constant currency over the period 2022 to 2025. It plans to trend toward free cash flow of 12% of sales and ROIC of 15% by 2025. CEO Mark Schneider said, "We have made significant progress in recent years, accelerating organic growth, increasing margins and enhancing capital efficiency. Today, we outline our value creation model and targets for 2025 as we aim to deliver consistently in turbulent times. We will continue to invest for future growth, investing behind our brands, delivering impactful innovation, leveraging digitalization and improving speed and agility. Creating shared value for stakeholders remains our focus, with Good for You, Good for the Planet at the heart of our strategy."

2022-11-29 09:51:57

NSRGY

Nestle

$119.40 / +0.13 (+0.11%)

09:51

11/29/22

11/29

09:51

11/29/22

09:51

Nestle sees constant currency earnings growth of 6%-10% through 2025

At its investor seminar today in Barcelona, Nestle said it will share its strategy for "sustainable value creation" and outline its 2025 targets. The company "will detail how it will continue to deliver sustainable mid single-digit organic sales growth." Nestle expects to return to an underlying trading operating profit margin range of 17.5% to 18.5% by 2025, following the margin impact of a "sharp increase in cost inflation" in 2021 and 2022. The company also expects to deliver an annual underlying earnings growth range of 6% to 10% in constant currency over the period 2022 to 2025. It plans to trend toward free cash flow of 12% of sales and ROIC of 15% by 2025. CEO Mark Schneider said, "We have made significant progress in recent years, accelerating organic growth, increasing margins and enhancing capital efficiency. Today, we outline our value creation model and targets for 2025 as we aim to deliver consistently in turbulent times. We will continue to invest for future growth, investing behind our brands, delivering impactful innovation, leveraging digitalization and improving speed and agility. Creating shared value for stakeholders remains our focus, with Good for You, Good for the Planet at the heart of our strategy."

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Recommendations	First Quantum Minerals price target raised to C$23 from C$22 at Morgan Stanley » 15:04 02/03/23 02/03 15:04 02/03/23 15:04 FQVLF First Quantum Minerals $21.47 / -1.62 (-7.02%) Morgan Stanley analyst… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial ShowHide Related Items >><< Company News Street Research FQVLF First Quantum Minerals $21.47 / -1.62 (-7.02%) 12/28/22 First Quantum Minerals says talks resume on future of Cobre Panama 12/16/22 First Quantum Minerals says 'disappointed' by actions of Government of Panama 12/15/22 First Quantum Minerals provides update on negotiation with Republic of Panama 12/01/22 First Quantum agrees to convert ZCCM-IH dividend rights to 3.1% revenue royalty FQVLF First Quantum Minerals $21.47 / -1.62 (-7.02%) 01/17/23 National Bank First Quantum Minerals price target lowered to C$28 from C$30 at National Bank 01/17/23 BMO Capital First Quantum Minerals price target lowered to C$20 from C$24 at BMO Capital 01/17/23 Scotiabank First Quantum Minerals price target lowered to C$36 from C$39 at Scotiabank 01/17/23 TD Securities First Quantum Minerals price target lowered to C$31 from C$32 at TD Securities
Recommendations	2U price target raised to $15 from $9 at Barrington » 15:03 02/03/23 02/03 15:03 02/03/23 15:03 TWOU 2U / + Barrington analyst… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial ShowHide Related Items >><< Company News Street Research Earnings On The Fly TWOU 2U / + 10/12/22 Google Cloud, edX partner to launch cloud computing professional certificate TWOU 2U / + 06:10 Today Piper Sandler 2U price target raised to $10 from $7 at Piper Sandler 11/21/22 Credit Suisse 2U initiated with a Neutral at Credit Suisse 11/08/22 Barrington 2U price target lowered to $9 from $10 at Barrington 11/08/22 Baird 2U price target lowered to $10 from $14 at Baird TWOU 2U / + 02/02/23 2U reports Q4 adjusted EPS 23c vs 20c last year 11/07/22 2U reaffirms FY22 revenue view $960M, consensus $962.43M 11/07/22 2U reports Q3 EPS (5c), consensus (3c) TWOU 2U / + 02/02/23 Fly Intel: After-Hours Movers 11/08/22 What You Missed On Wall Street This Morning
Recommendations	Boliden price target raised to SEK 510 from SEK 390 at Morgan Stanley » 15:03 02/03/23 02/03 15:03 02/03/23 15:03 BDNNY Boliden $89.12 / -1.45 (-1.60%) Morgan Stanley analyst… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial ShowHide Related Items >><< Company News Street Research BDNNY Boliden $89.12 / -1.45 (-1.60%) 12/08/22 Amarc, Boliden commence drilling at Duke Copper-Gold District 11/22/22 Amarc announces Minerawl Property Earn-in Agreement with Boliden BDNNY Boliden $89.12 / -1.45 (-1.60%) 01/23/23 Berenberg Boliden upgraded to Buy from Hold at Berenberg 01/20/23 Deutsche Bank Boliden price target raised to SEK 380 from SEK 370 at Deutsche Bank 01/10/23 Deutsche Bank Boliden price target raised to SEK 370 from SEK 350 at Deutsche Bank 12/21/22 Pareto Boliden downgraded to Hold from Buy at Pareto
Recommendations	Aurubis price target raised to EUR 93 from EUR 79 at Morgan Stanley » 15:02 02/03/23 02/03 15:02 02/03/23 15:02 AIAGY Aurubis $52.20 / + (+0.00%) Morgan Stanley analyst… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial ShowHide Related Items >><< Street Research AIAGY Aurubis $52.20 / + (+0.00%) 01/18/23 Deutsche Bank Aurubis price target raised to EUR 95 from EUR 87 at Deutsche Bank 01/17/23 Morgan Stanley Aurubis price target raised to EUR 79 from EUR 70 at Morgan Stanley 12/08/22 Morgan Stanley Aurubis price target raised to EUR 70 from EUR 66 at Morgan Stanley 10/25/22 Deutsche Bank Aurubis price target lowered to EUR 78 from EUR 83 at Deutsche Bank

Events

Earnings calls, analyst events, roadshows and more

Tomorrow at 00:00

ABA Derivatives and Futures Law Committee Winter Meeting Conferences

Marriott Hilton Head Resort & Spa, Hilton Head Island, SC
Tomorrow at 10:00

CNBC Investing Club with Jim Cramer Government Event

webcast
AOS ...
2023-02-06 at 00:00

KeyBanc Hosted Company Meetings at AHR 2023 Expo Conferences

Atlanta, GA
2023-02-06 at 00:00

Global Pharmacovigilance & Risk Management Strategies Conference Conferences

Bethesda, MD
APLS ...
2023-02-06 at 00:00

Biotech Ski Summit Conferences

Park City, UT
2023-02-06 at 00:00

AHR Expo 2023 Conferences

Georgia World Congress Center, Atlanta, GA
PPG
2023-02-06 at 00:00

PPG Firm Sponsored Meetings

Boston, MA
SLP
2023-02-06 at 00:00

Simulations Plus Firm Sponsored Meetings

Salt Lake City, UT
AUB
2023-02-06 at 00:00

Atlantic Union Bankshares Firm Sponsored Meetings

California
2023-02-06 at 00:00

Emerging Biotechnology/Biopharma Industry Meetings

Denver, CO

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Syndicate

This week’s upcoming IPOs and secondary offerings

Priced
Not Priced

Mon	No deals
Tues	No deals
Wed	VERA X VERA Vera Therapeutics Spot Secondary Managers: JPMorgan, Cowen & Evercore ISI, LIFC Priced at: $7.00 14.286M Shares Special Comments Some content is locked. Log in above or sign up for a free trial to see this information. Get Free Trial
Thurs	ALGM X ALGM Allegro MicroSystems Block Trade Managers: Credit Suisse Priced at: $38.00 4.98M Shares Special Comments Some content is locked. Log in above or sign up for a free trial to see this information. Get Free Trial GPCR X GPCR Structure Therapeutics IPO Managers: Jefferies, SVB Securities, Guggenheim & BMO Capital Priced at: $15.00 10.74M Shares Special Comments Some content is locked. Log in above or sign up for a free trial to see this information. Get Free Trial MDXH X MDXH MDxHealth Secondary Managers: Cowen & William Blair, BTIG, KBCS Priced at: $4.00 10M Shares Special Comments Some content is locked. Log in above or sign up for a free trial to see this information. Get Free Trial ROIV X ROIV Roivant Sciences Secondary Managers: Goldman Sachs, SVB Securities, Cowen & Cantor Fitzgerald Priced at: $7.50 26.67M Shares Special Comments Some content is locked. Log in above or sign up for a free trial to see this information. Get Free Trial AVTX X AVTX Avalo Therapeutics Spot Secondary Managers: SVB Securities & RBC Capital Priced at: $3.98 3.77M Shares Special Comments Some content is locked. Log in above or sign up for a free trial to see this information. Get Free Trial CLLS X CLLS Cellectis Spot Secondary Managers: Jefferies & Barclays Priced at: $2.50 8.8M Shares Special Comments Some content is locked. Log in above or sign up for a free trial to see this information. Get Free Trial EDBL X EDBL Edible Garden Spot Secondary Managers: Maxim & Joseph Gunnar Priced at: $6.30 1.62M Shares Special Comments Some content is locked. Log in above or sign up for a free trial to see this information. Get Free Trial TWO X TWO Two Harbors Spot Secondary Managers: Goldman Sachs, JPMorgan & Citi, JMP Securities Priced at: $17.80 10M Shares Special Comments Some content is locked. Log in above or sign up for a free trial to see this information. Get Free Trial
Fri	No deals

Mon	No deals
Tues	No deals
Wed	WULF X WULF TeraWulf Spot Secondary Managers: JonesResearch $1.03
Thurs	ASST X ASST Asset Entities IPO Managers: Boustead $5.00 1.5M Shares
Fri	No deals

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