date:Aug 09, 2013
Andreas von Arx said in a research note.
At 1015 GMT, Nestle shares were down 2.2 percent at 63.3 Swiss francs, among the biggest falls by a European blue-chip stock.
The Vevey-based firm said underlying sales rose 4.1 percent in the first half, lagging a forecast for 4.6 percent in a Reuters poll, and implying a deterioration from 4.3 percent in the first quarter, mainly due to weakness in Europe.
It cut its full-year target to around 5 percent from its long-term 5-6 percent goal, and on a c