NEW YORK (dpa-AFX) - Investment bank Jefferies maintained its "Buy" rating on Nestle on Friday, keeping its price target at 99 Swiss francs, despite Russia placing the Swiss food giant's local operations under compulsory administration.
Analyst David Hayes, who authored the note, characterized the Russian move as a limited setback for Nestle, describing it as a broadly anticipated risk rather than an unexpected shock. The company's revenue exposure to the Russian market amounts to approximately 2% of total sales, Hayes wrote.
The study was published on September 18, 2026. Nestle's ISIN is CH0038863350.
