Unilever: Jefferies cuts target price

(CercleFinance.com) - Jefferies confirms its underperform rating on Unilever with a target price cut from 4100 pence to 3700 pence, following an update after its 2024 results published last month, along with its new CEO.


A less ambitious narrative on the outlook for 2025 was a setback and a reminder that, ultimately, category growth drives sales momentum, in our view, the broker reckons in its note on the FMCG group.

According to Jefferies, the new CEO will seek to shift Unilever's category exposure in a more growth-friendly direction, and communicating this hope could buy time, if 2025 proves to be a fighting year.


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