Nestle down after 9-mth sales growth miss, outlook cut
** Shares in Nestle NESN.S are seen falling 2.6% in Julius Baer premarket trade after the Swiss company cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth
** It also announced it is revamping senior leadership and its operating structure
** "A very painful reset for Nestle, unprecedented in recent history," Vontobel says, noting the new guidance is below the market's lowest expectations
** "It is hard to understand how the company could have expected sales growth of around 4% until July. For a supertanker like Nestle, the miss in just a few months is enormous," the brokerage adds
** It says the priority for the new management team is to bring Nestle back to its roots, but the task "is huge and will take time," it notes
** Nestle stock is seen to bottom Swiss blue-chip index .SSMI
Reporting by Linda Pasquini
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