Unilever: UBS still a seller, but ups TP

(CercleFinance.com) - UBS reinstates its "sell" rating on Unilever shares, while nudging up its target price for them from 3190 pence to 3290 pence, with the latter still giving the Anglo-Dutch FMCG giant's shares 16% downside potential.


Analysts say that the "New strategy seems to signal slow progress and downside risk to consensus margin expectations; too early to turn more constructive on the name".


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