Unilever: Jefferies still a buyer
(CercleFinance.com) - Unilever has announced a plan to unify its legal structure under a single parent company, Unilever PLC, creating a simpler business with greater strategic flexibility, which is better positioned for future success.
The broker believes that there are several positive elements following this announcement.
"We see the resurrected unification proposal as a strong signal of ULVR's intent to re-shape its portfolio," Jefferies says.
"We see yesterday's announcement as the positive catalyst the shares have been looking for," it adds.
Jefferies confirms its buy rating on the share with a target price of 4600p (pretty flat on Friday at 4310p).
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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 believes that there are several positive elements following this announcement.
"We see the resurrected unification proposal as a strong signal of ULVR's intent to re-shape its portfolio," Jefferies says.
"We see yesterday's announcement as the positive catalyst the shares have been looking for," it adds.
Jefferies confirms its buy rating on the share with a target price of 4600p (pretty flat on Friday at 4310p).
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.