Nestle Brokerage Report: Many brokerage firms have published their latest reports on Nestle’s stock. Some companies have sold here and some companies have offered to buy.
CLSA recommends sales
CLSA advised Nestl to sell and lowered the target price to 17,370. Domestic sales rose 9.2 percent. Also, JPMorgan maintains an overweight rating, but lowers the target price from Rs 22,000 to Rs 21,000.
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Jeffrey suggested holding on
According to brokerage firm Jefferies, it is now advisable to hold on to Nestl’s stock. However, the target price has been reduced from Rs 18,800 to Rs 18,600. Morgan Stanley gave a low weight rating and a target price of Rs 15,712.
Nomura is bullish on this stock
Different brokerage companies have different opinions about Nestl এর’s stock. Nomura has maintained its buy-out on the stock and has set a target price of Rs 21,150. Also, HSBC has retained the buy point, though the target price has been reduced from Rs 20,800 to Rs 20,300.