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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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.
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".
Copyright (c) 2023 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.