Barclays downgraded Nestle to Equal Weight from Overweight with a price target of CHF 92, down from CHF 96. The company’s change of CEO is “much needed” but 2025 now looks like a a transition year for Nestle, with a real recovery unlikely until 2026, the analyst tells investors in a research note. The firm continues to prefer Danone and Unilever to Nestle.
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