Nestlé: UBS downgrades to 'neutral'
(CercleFinance.com) - UBS has downgraded the Nestlé stock from "buy" to "neutral," cutting its target price from 92 Swiss francs to 88 Swiss francs, recommending investors to "have a break".
The broker says significant upgrades and re-rating look unlikely in the next 12 months, given the share's fair valuation and fully integrated expectations.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker says significant upgrades and re-rating look unlikely in the next 12 months, given the share's fair valuation and fully integrated expectations.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.