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Fly News Breaks for March 20, 2015
NSRGY
Mar 20, 2015 | 08:28 EDT
RBC Capital believes that Nestle's high organic revenue growth, cost reductions and cash conversion improvements are underappreciated. The firm says that the company is poised to deliver significant, sustained cash distribution. It raised its price target on the name to $87 from $83 and keeps an Outperform rating.
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