Nestle (NSRGY) has selected Rothschild to advise on the sale of its water division later this year, four people familiar with the matter tell Reuters, Amy-Jo Crowley, Andres Gonzalez and Richa Naidu report. The water unit could be valued at EUR 5B or more, a source says, adding that Nestle is aiming to keep a stake in the business. Sources say “several” private equity companies are interested in the Nestle unit.

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Nestle price target lowered to CHF 77 from CHF 79 at Morgan Stanley Nestlé’s Strategic Pricing and Strong Brand Presence Drive Buy Rating Amidst Inflation Challenges Nestle price target lowered to CHF 88 from CHF 93 at RBC Capital Nestle reports Q1 sales CHF 22.6B vs. CHF 22.1B last year Nestle says ‘Fuel for Growth’ program ‘progressing to plan’

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