date:Apr 23, 2012
ky market situation relatively well.
Andrew Wood of the Sanford C. Bernstein research firm said he had anticipated that Nestle would have a fairly strong top-line start to the year. However, he does not believe it would be enough to get its stock moving again, particularly given current lofty valuations.
Nestle shares were trading 0.5 per cent lower at 56.90 francs ($62.10).
Bulcke said a combination of retail price hikes and a predicted drop in the cost of raw materials in the second half of th