Nestle downgraded to Underperform from Sector Perform at RBC Capital

RBC Capital analyst James Edwardes Jones downgraded Nestle to Underperform from Sector Perform with a price target of CHF 95, down from CHF 100. Nestle’s market growth of 3% and financial performance show that it is still a food company and should be valued accordingly, the analyst tells investors in a research note. The firm is "underwhelmed by aspects of the Nestle investment case."