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Fly News Breaks for June 26, 2017
NSRGY
Jun 26, 2017 | 07:03 EDT
Jefferies analyst Martin Deboo recommends caution on Nestle with the shares up 4% on news of Third Point's activist stake. Third Point's targets will be "non-trivial to achieve" and its influence over the company is "relatively dilute," Deboo tells investors in a research note. He believes the valuation is "already anticipating a healthy degree of change." The analyst keeps a Hold rating on Nestle.
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