date:Feb 14, 2014
ained their top pick in food. They said they saw scope for earnings upgrades during 2014.
JP Morgan also continues to favour Nestle among European big-cap food companies.
The maker of KitKat chocolate bars, Nespresso portioned coffee and Buitoni pasta held out the prospect of a further improvement in margins this year after its trading operating margin improved by 20 basis points to 15.2 percent last year.
Nestle said on Tuesday it was selling an 8 percent stake in L'Oreal to the cosmetics gr