Jefferies raised the firm’s price target on Nestle (NSRGY) to CHF 77 from CHF 75 and keeps an Underperform rating on the shares. The firm says U.S. consumer demand continues to look challenged and the company’s competition is intensifying. The analyst updated Nestle’s model post the Q1 report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSRGY:
- Nestle price target raised to CHF 92 from CHF 90 at Barclays
- Sell Rating for Nestlé SA Due to US SNAP Payment Reductions and Legislative Challenges
- Nestle to Raise Chocolate Prices in U.S.
- Nestle raising prices for some U.S. chocolate products, Bloomberg reports
- Trump announces trade deal, BoE lowers Bank Rate: Morning Buzz