NSRGY - Nestlé: Relatively Resilient In Recessionary Environments

• In the current market and macro environment, it might be a good advice to look at strong consumer brands in the food industry.
• I like Nestle as the company ranks as the world’s largest food conglomerate with strong international presence and brand equity.
• Nestle has proven to be relatively resilient in recessionary environments and offset inflationary pressures on brand equity-driven pricing power.
• I initiate with a HOLD recommendation and set a $117/share target price.

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