Analyst George Gianarikas upgraded the stock to buy from hold and raised his price target by $71 to $175.
Nestle plans price hikes after inflation eats into profits
The company took a significant hit to its gross margins in 2022, as it failed to fully pass on input cost increases to consumers.
Russian strikes hit critical infrastructure in western city of Lviv; UN to vote on new peace resolution
Lviv is considered one of the relatively safer parts of Ukraine, at the opposite end of the country from the eastern front.
Europe considers a digital currency as it strives to counter U.S. and China’s tech dominance
The European Central Bank is worried that the euro zone will end up in a “sandwich position” between U.S. Big Tech and China’s payment systems.
Bitcoin rises despite U.S. crackdown, as crypto market gains $84 billion in value
Bitcoin rose to its highest level since August, as the market shrugged off a tougher regulatory stance from U.S. regulators.
Standard Chartered ‘absolutely not’ for sale, bank CEO says
The CEO of Standard Chartered said the bank was ‘absolutely not’ for sale on CNBC’s “Squawk Box Europe.”
Rise of ‘zombie’ VCs haunts tech investors as plunging valuations hammer the industry
For some venture capitalists, we’re approaching a night of the living dead.
‘They are in a bear market rally’: Tech’s on a roll, but some market pros aren’t convinced
“That enthusiasm for aggressive technology-oriented stocks in the last couple of months is exactly what you get in a bear market rally,” one investor tells CNBC.
A ‘cocktail’ of sticky inflation and a tight labor market boosts Bank of England rate hike bets
A tight labor market and comparatively slow return to earth for inflation means the Bank of England is likely to press ahead with a further interest rate hike in March, economists suggest.
MSCI delays weighting cuts for two Adani companies, cites ‘replicability’ concerns
Index provider MSCI said it will delay implementing weighting changes for some Adani Group companies until later this year.