Deutsche Bank Research kept Nestle's recommendation at Hold with a price target of 82 Swiss francs, according to a study released Monday and first distributed on 21 September 2026 at 08:20 CET.
Analyst Tom Sykes cited the forced administration of two Nestle subsidiaries in Russia as a reason to expect negative implications for other consumer‑goods makers operating there, noting that Nestle’s Russian operations contribute roughly two percent of group sales and two to three percent of group EBIT.
For comparison, Sykes estimated that Haleon derives about four to five percent of its operating profit from Russia, although no reports of forced administration have emerged for the British consumer‑health company.
The note includes the Nestle ISIN CH0038863350 and references the disclosure obligations under German securities law.
