Unilever: UBS remains 'neutral', but raises target price.
(CercleFinance.com) - UBS has raised its target price for the Unilever stock to 52.
5 euros, vs. 48 euros, while maintaining a "neutral" rating on the Anglo-Dutch company's share.
In a research note, the broker says it sees several reasons to remain "neutral" on the shares after their 30% rally year-to-date, including a "balanced" risk/reward ratio at current levels.
UBS thinks the key upside risk to shares comes mostly from portfolio management, i.e. from de-mergers or M&A.
"As such, the simplification of the dual-headed legal structure could eliminate significant complexity in a theoretical de-merger scenario," the broker writes in the report.
UBS has also raised its target price on UK-listed Unilever Plc shares from 4,100 pence to 4,550 pence.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
5 euros, vs. 48 euros, while maintaining a "neutral" rating on the Anglo-Dutch company's share.
In a research note, the broker says it sees several reasons to remain "neutral" on the shares after their 30% rally year-to-date, including a "balanced" risk/reward ratio at current levels.
UBS thinks the key upside risk to shares comes mostly from portfolio management, i.e. from de-mergers or M&A.
"As such, the simplification of the dual-headed legal structure could eliminate significant complexity in a theoretical de-merger scenario," the broker writes in the report.
UBS has also raised its target price on UK-listed Unilever Plc shares from 4,100 pence to 4,550 pence.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.