Goldman Sachs initiated coverage of Nestle (NSRGY) with a Buy rating and CHF 86 price target The firm says Nestle’s leadership in “attractive categories” give it confidence in 4% organic sales growth. The company’s category and geographical footprint is attractive while the shares are trading is below its historical valuation, the analyst tells investors in a research note.
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- Nestle chairman says company will have to take action on prices, Reuters says
- Nestle price target lowered to CHF 93 from CHF 97 at Berenberg
- Nestle price target lowered to CHF 87 from CHF 90 at Deutsche Bank
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