>>> Danone/Nestle : Ratio is trading 80bps from Historicals lows...


Danone has UP a lot, trading in line with historical Multiple, but re-rated much more that the sector & The Market, Nestle is trading above peers in term of pricing on not far from historical highs...Momentum is still more +ve on Nestle than Danone....but it could be interesting to see if we will hold these historicals levels tested in January...I strongly believ that if market trade higher, Investors will be looking to laggards to OP but in a more bearish market...Nestle should continue to outperform., next few days will be interesting to watch