Exane BNP Paribas downgraded Nestle to Underperform from Neutral with a CHF 96 price target. The firm changed ratings in the food space as part of its 2024 outlook. Staples valuations are “looking reasonable” but operationally “there is little to enthuse,” the analyst tells investors in a research note.
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- Nestle assumed with Underperform from Hold at Jefferies
- Nestle price target lowered to CHF 125 from CHF 130 at JPMorgan
