NSRGY - Nestle lands buy rating from Deutsche Bank
Deutsche Bank upgraded Nestle S.A. ( OTCPK:NSRGY ) to a Buy rating from Hold on Thursday.
Analyst Tom Sykes said the food and beverage giant is not an inexpensive with the stock trading at a 20% premium to its 15-year average price-to-equity ratio and on a 13% premium to its 15-year average price-to-equity relative to the MSCI World Index.
"However, we expect to enter a period of increased macro weakness in DM's especially in the US. Whilst unlikely to match the GFC, we do expect a more synchronous demand slowdown in DM's than that implied by the market."
The Seeking Alpha Quant Rating on Nestle S.A. ( OTCPK:NSRGY ) is set at Hold.
Read the latest breakdowns on Nestle S.A. ( OTCPK:NSRGY ) from Seeking Alpha authors.
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Nestle lands buy rating from Deutsche Bank