tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Nestle downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Sarah Simon downgraded Nestle to Equal Weight from Overweight with a price target of $106, down from $125. The firm’s analysis of Nestle’s growth drivers suggests achieving more than the low end of its mid-term guidance will be challenging. The analyst sees lower margin expansion than consensus estimates and believes the stock’s valuation looks fair given the growth outlook.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1