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Fly News Breaks for January 15, 2020
NSRGY
Jan 15, 2020 | 07:29 EDT
Guggenheim analyst Laurent Grandet last night initiated coverage of Nestle with a Buy rating and CHF 114 price target. With annual sales in excess of $90B, Nestle is the largest consumer packaged goods company in the world and the "best-in-class global food company," Grandet tells investors in a research note. Relative to staples peers, the analyst view Nestle as a "lower-risk" stock given its balanced portfolio across both categories and geographies.
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