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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