date:Feb 14, 2014
iggestfoodgroup said that, as in 2013, it was targeting around 5 percent organic sales growth this year, below its long-term goal of 5-6 percent.
Bernstein analyst Andrew Wood said the guidance was fairly cautious. But this is still reasonable in a tough market environment, he said, adding that Nestle's rivals had given similar guidance.
Some analysts said Nestle's forecasts were unimpressive. Helvea's Andreas von Arx said investors might shift their interest to Nestle peers such as Unilever a