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Citi Sticks to Its Hold Rating for Nestlé SA (NSRGF)
Citi analyst Cedric Besnard maintained a Hold rating on Nestlé SA today and set a price target of CHF85.00.
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According to TipRanks, Besnard is ranked #6154 out of 12068 analysts.
In addition to Citi, Nestlé SA also received a Hold from Deutsche Bank ‘s Tom Sykes in a report issued today. However, on March 23, Kepler Capital maintained a Buy rating on Nestlé SA (Other OTC: NSRGF).
Based on Nestlé SA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of CHF45.26 billion and a net profit of CHF3.97 billion. In comparison, last year the company earned a revenue of CHF46.49 billion and had a net profit of CHF5.24 billion
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- Nestle price target raised to CHF 80 from CHF 77 at Jefferies
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- Nestle price target raised to CHF 75 from CHF 74 at Morgan Stanley
- Nestle price target raised to CHF 77 from CHF 76 at Jefferies
- Nestlé: Solid Guidance but Lacking New Catalysts Justifies Hold Rating
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