Unilever: Berenberg downgrades share
(CercleFinance.com) - Berenberg has downgraded its rating on the Unilever share from "buy" to "hold" on Wednesday, cutting its corresponding target price from 60 euros to 55 euros.
The broker explains in a note on the European agrifood sector that the Anglo-Dutch consumer goods giant will have to succeed in accelerating its organic growth to above the 4% threshold in order to be able to hope for an appreciation on the stockmarket.
However, Berenberg continues, the persistent weakness of the group's growth in countries such as the United States and Brazil, which comes on top of a slowdown in India and Africa, make achieving this 4% target "very difficult," analysts point out.
Unilever shares are currently pretty flat on Euronext Amsterdam in late morning trading.
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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 broker explains in a note on the European agrifood sector that the Anglo-Dutch consumer goods giant will have to succeed in accelerating its organic growth to above the 4% threshold in order to be able to hope for an appreciation on the stockmarket.
However, Berenberg continues, the persistent weakness of the group's growth in countries such as the United States and Brazil, which comes on top of a slowdown in India and Africa, make achieving this 4% target "very difficult," analysts point out.
Unilever shares are currently pretty flat on Euronext Amsterdam in late morning trading.
Copyright (c) 2020 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.