Research Disclosures & Disclaimers

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Nestlé (NESN.S)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (CHF)	Price Target (CHF)	Rating
2023-04-28	114.52	125.00	Buy
2023-10-20	98.48	121.00	Buy
2024-02-23	95.35	118.00	Buy
2024-04-12	93.04	117.00	Buy
2024-07-26	87.92	95.00	Neutral
2024-09-20	82.04	91.00	Neutral
2024-10-18	85.98	83.00	Neutral
2025-01-10	74.04	80.00	Neutral
2026-01-09	75.41	78.00	Neutral
2026-02-20	80.91	80.00	Neutral

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.