Redburn downgrades Nestle to 'sell'

Redburn downgrades Nestle to 'sell'

An analyst from Redburn downgraded Nestle (SIX: NESN ) from 'neutral' to 'sell' .

Prior to this rating, Nestle had 14 buy ratings, 9 hold ratings, and 2 sell ratings.

For consensus analyst estimates and price targets on Nestle, click here. For more news on Nestle, click here.

Nestle's stock price closed at $113.28. They are down -1.27% in the last month and up 0.69% in the last 12 months.

According to Investing Pro, Nestle's fair value is $121.61, an upside of 7.36%. Nestle's fair value comes with a low degree of uncertainty, according to InvestingPro.

Check out Nestle's recent earnings performance and financials here.

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