Jefferies analyst David Hayes lowered the firm’s price target on Nestle to CHF 84.50 from CHF 86 and keeps an Underperform rating on the shares ahead of the Q1 report due on April 25. The firm, which still fears a miss on FY24 organic sales growth, has made a 1% cut to its FY24 and FY25 EPS estimates, the analyst tells investors in a preview.
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