Berenberg upgraded Nestle (NSRGY) to Buy from Hold with a price target of CHF 92, up from CHF 83.10. The firm believes the stock is pricing in “excessive risk” while its analysis suggests improved company performance in 2026.
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Read More on NSRGY:
- 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
- Nestle reports 9M sales CHF 65.9B vs. CHF 67.1B last year
- Nestle increases cost savings target to CHF 3B by end of 2027