Morgan Stanley analyst Sarah Simon lowered the firm’s price target on Nestle (NSRGY) to $90 from $91 and keeps an Underweight rating on the shares. While Q3 results were better than expected, the firm does not believe that Nestle warrants its current premium to Staples peers, the analyst tells investors in a post-Q3 note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSRGY:
- 3 Best Dividend Aristocrat Stocks to Buy Now, 11/05/2025
- Nestle upgraded to Buy from Hold at Berenberg
- Nestle price target raised to CHF 86 from CHF 81 at Deutsche Bank
- Nestle plans global headcount reduction of 16,000 over next two years
- Nestle expects FY25 organic sales growth to improve compared to FY24