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Nestle upgraded to Hold from Underperform at Jefferies
The Fly

Nestle upgraded to Hold from Underperform at Jefferies

Jefferies analyst Martin Deboo upgraded Nestle to Hold from Underperform with a price target of CHF 115, up from CHF 95, following a "material" share price correction during 2022. With the 10-year set to be flat to down in 2023, he sees the environment as more supportive, Deboo tells investors.

Published first on TheFly

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