Jefferies上调Nestlé评级并将目标价由84瑞郎上调至99瑞郎

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Investing.com -- Nestlé stock rose 2.9% to trade at CHF 86.76, touching a new 52-week high of CHF 86.89, after Jefferies upgraded the Swiss food giant from Hold to Buy and raised its price target from CHF 84 to CHF 99.
Analyst David Hayes argued that strategic choices made in 2022 were excessively focused on volume and pricing growth that ultimately proved unsustainable, and that the negative effects of those decisions are now gradually diminishing while the operating environment for categories such as pet food and coffee continues to improve.
The timing of the upgrade added further weight to the move, arriving a single session before Nestlé’s half-year 2026 results — scheduled for July 23 — which investors now approach with heightened expectations for positive signals on organic growth and margin recovery.
Jefferies also simultaneously downgraded Danone to Underperform, citing market share losses in North American yogurt and slowing China nutrition momentum, a diverging call that reinforced Nestlé’s relative appeal within the European staples sector.
The broader Swiss Market Index opened in negative territory today, meaning Nestlé’s sharp advance was clearly driven by company-specific news rather than any index-level tailwind. U.S. equity markets offered a similarly muted backdrop, with the S&P 500 and Nasdaq both in the red, underscoring that the stock’s outperformance was entirely catalyst-driven.
Together, the Jefferies upgrade, the favorable competitive read-across from the Danone downgrade, and the pre-earnings positioning created a powerful combination that pushed Nestlé shares to their highest level in 52 weeks — a notable technical milestone that may attract additional momentum-oriented buyers heading into tomorrow’s results.
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