Unilever: UBS upgrades to 'buy' given compelling valuation
(CercleFinance.com) - On Wednesday UBS said that it has upgraded its rating on Unilever from "neutral" to "buy," seeing a "compelling entry point" on the stock.
UBS said it expects portfolio changes at the consumer goods giant to unlock further upside.
UBS also confirmed its forecasts and its 49-euro target price for the share.
This morning, the Euronext Amsterdam-listed Unilever shares were up 2.1% at 44 euros in weaker European markets. The stock has fallen by 5% so far in 2018.
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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.
UBS said it expects portfolio changes at the consumer goods giant to unlock further upside.
UBS also confirmed its forecasts and its 49-euro target price for the share.
This morning, the Euronext Amsterdam-listed Unilever shares were up 2.1% at 44 euros in weaker European markets. The stock has fallen by 5% so far in 2018.
Copyright (c) 2018 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.