JPMorgan Chase & Co. Reiterates CHF 120 Price Target for Nestlé (VTX:NESN)

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Nestlé (VTX:NESN) has been assigned a CHF 120 price target by investment analysts at JPMorgan Chase & Co. in a research note issued on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock.

Other analysts also recently issued reports about the company. Morgan Stanley set a CHF 120 target price on Nestlé and gave the company a “buy” rating in a research report on Thursday, December 12th. Goldman Sachs Group set a CHF 115 target price on Nestlé and gave the company a “buy” rating in a research report on Monday, January 20th. Credit Suisse Group set a CHF 93 target price on Nestlé and gave the company a “sell” rating in a research report on Wednesday, January 15th. Sanford C. Bernstein set a CHF 101 target price on Nestlé and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group set a CHF 107 target price on Nestlé and gave the company a “neutral” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of CHF 111.60.

Nestlé has a 1 year low of CHF 73.34 and a 1 year high of CHF 86.40.

Nestlé Company Profile

Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.

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