Nestle price target raised to $153 from $152 at Morgan Stanley

Morgan Stanley analyst Rashad Kawan raised the firm’s price target on Nestle to $153 from $152 and keeps an Overweight rating on the shares ahead of the July 27 Q2 results. The firm expects modestly lower OSG figures to be offset by slightly more favorable FX dynamics, resulting in no change to FY23 EPS guidance, the analyst tells investors in a research note.