Unilever: Deutsche Bank raises target price

(CercleFinance.com) - Deutsche Bank confirms its 'buy' recommendation on Unilever shares, raising its target price for them from 4600 pence to 5000 pence, pointing out that the fast-moving consumer goods group significantly outperformed market forecasts in H1.


Gross margins are being rebuilt, but the company is still in the early stages of its restructuring, and we see an opportunity for the valuation multiple to advance as it generates higher EPS growth, the broker judges.


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