Morgan Stanley analysts downgraded Nestle (NSRGY) stock to Underweight as cocoa and chocolate prices continue to move higher.

Colgate-Palmolive Company (CL) was also downgraded to Underweight by a team at Wells Fargo.

Lastly, Evercore ISI revised its price target on Alphabet (GOOG, GOOGL) to $200 per share — cutting it from $225 — as Google's antitrust trial around its advertising business enters its second week.

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This post was written by Luke Carberry Mogan.