The overall market for essential consumer goods in Europe is improving. Driven by Goldman Sachs's reassertion of Nestlé's buying rating and believing that it has a strong investment logic, Nestlé's stock price rose as high as 2.6%. As of 9:35 a.m. CET, the stock had risen 2.3%, and its performance changed from negative to positive during the year. The European essential consumer goods basket stock index compiled by UBS rose about 1%. Goldman Sachs analyst Olivier Nicolai said that Nestlé's business transformation is progressing in line with expectations, mainly benefiting from the accelerated growth of the booming pet care business and a recovery in the coffee business; these two major sectors together account for nearly half of the group's revenue.

The overall market for essential consumer goods in Europe is improving. Driven by Goldman Sachs's reassertion of Nestlé's buying rating and believing that it has a strong investment logic, Nestlé's stock price rose as high as 2.6%. As of 9:35 a.m. CET, the stock had risen 2.3%, and its performance changed from negative to positive during the year. The European essential consumer goods basket stock index compiled by UBS rose about 1%. Goldman Sachs analyst Olivier Nicolai said that Nestlé's business transformation is progressing in line with expectations, mainly benefiting from the accelerated growth of the booming pet care business and a recovery in the coffee business; these two major sectors together account for nearly half of the group's revenue.