Nestle price target lowered to CHF 76 from CHF 81 at Jefferies

Jefferies lowered the firm’s price target on Nestle (NSRGY) to CHF 76 from CHF 81 and keeps a Hold rating on the shares. Ahead of FY25 results on February 19, the firm reviewed its estimates and reflects a base-case scenario for the mid-term, with the estimates in context of its Sector Outlook, which anticipates broader price resets across the sector this year. An associated reset to margin might seem a hard option, but Jefferies feels the stock is underpinned for such a clearing event, ahead of a better mid-term evolution, the analyst tells investors in a research note.