Nestle price target raised to CHF 77 from CHF 76 at Jefferies

Jefferies raised the firm’s price target on Nestle (NSRGY) to CHF 77 from CHF 76 and keeps a Hold rating on the shares. The firm, which update estimated estimates post last week’s results, says a “much anticipated update from the new CEO came and went without incident,” but adds that uncertainty and valuation “leaves shares treading water” until the second half.