JPMorgan raised the firm’s price target on Unilever (UL) to EUR 65 from EUR 63 and keeps an Overweight rating on the shares. The firm also added the shares to its Analyst Focus List. It expects the company to build on its consistent volume and mix delivery showcased during 2024 into next year. Pricing should also pick up as the cost backdrop turns modestly inflationary, but with productivity savings and operational leverage expect EBIT margins can still see moderate improvement, the analyst tells investors in a research note.
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Read More on UL:
- Unilever sees mid-single digit sales growth post Ice Cream separation
- Unilever (NYSE:UL) Opts for Spin-Off over Private Equity Plans
- Unilever halts sales process for ice cream unit, plans spinoff, FT says
- Unilever downgraded to Hold from Buy at Erste on weakening profit growth
- Unilever downgraded to Hold from Buy at Erste Group
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
