BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
CLSA maintains sell on Nestle
Target price of Rs 4,900 per share is based on FY17 earnings. CLSA cuts CY15-17 earnings per share estimates by 20-25 per cent. Indian authorities are not impressed by Nestle's explanation. Temporary damage to the brand is done. See recovery to be gradual even after the resolution.