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News 2026-10-16 07:07 UTC

BUZZ — JPM upgrades Nestle, sees sales and margins rising

* JPMorgan upgrades Swiss food and drinks group Nestle to "overweight" from "neutral", as it expects sales growth and margins to bounce back * It sees Nestle's real internal growth (RIG), or sales volumes growth, improving towards what it describes as "the crucial 2%+ level" * Broker expects 4.2% like-for-like sales gr