Morgan Stanley Updates Ratings & Price Targets for Three Key FMCG Stocks

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Morgan Stanley Reshuffles FMCG Stocks: Marico, Nestle Upgraded; Godrej Downgraded

Morgan Stanley Reshuffles FMCG Stocks: Marico, Nestle Upgraded; Godrej Downgraded

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CNBC TV18•04-03-2026, 13:43

Morgan Stanley Reshuffles FMCG Stocks: Marico, Nestle Upgraded; Godrej Downgraded

•Morgan Stanley revised ratings and price targets for Marico Ltd., Godrej Consumer Products Ltd., and Nestle India Ltd.
•Marico upgraded to "overweight" with a new price target of ₹934, implying a 19% upside.
•Nestle India upgraded to "equal-weight" with a new price target of ₹1,370, implying a 7% upside.
•Godrej Consumer Products downgraded to "equal-weight" with a revised price target of ₹1,159, implying a 1.4% downside.
•All three stocks traded lower on Wednesday, with the Nifty FMCG index also down 1.5%.

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