Unilever: Credit Suisse still a buyer
(CercleFinance.com) - Credit Suisse has reiterated its Outperform rating on Unilever shares, along with its target price of 4,600 pence.
The analyst expects underlying sales growth of 9.4% in Q3 22, which is above the VA consensus of +7.8%, with volumes down -0.4% and prices up +9.8%.
These EPS estimates, which are up 1%, reflect the weakness of the euro and slightly higher organic sales growth in FY22.
Credit Suisse expects management to take more radical measures, as expected by investors, to address growth and market share issues.
The share is currently up about 0.3% - although is outperforming the Dutch market by about 1%.
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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.
The analyst expects underlying sales growth of 9.4% in Q3 22, which is above the VA consensus of +7.8%, with volumes down -0.4% and prices up +9.8%.
These EPS estimates, which are up 1%, reflect the weakness of the euro and slightly higher organic sales growth in FY22.
Credit Suisse expects management to take more radical measures, as expected by investors, to address growth and market share issues.
The share is currently up about 0.3% - although is outperforming the Dutch market by about 1%.
Copyright (c) 2022 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.