Unilever: UBS remains 'neutral', but raises target price.

(CercleFinance.com) - UBS has raised its target price for the Unilever stock to 52.
5 euros, vs. 48 euros, while maintaining a "neutral" rating on the Anglo-Dutch company's share.

In a research note, the broker says it sees several reasons to remain "neutral" on the shares after their 30% rally year-to-date, including a "balanced" risk/reward ratio at current levels.

UBS thinks the key upside risk to shares comes mostly from portfolio management, i.e. from de-mergers or M&A.

"As such, the simplification of the dual-headed legal structure could eliminate significant complexity in a theoretical de-merger scenario," the broker writes in the report.

UBS has also raised its target price on UK-listed Unilever Plc shares from 4,100 pence to 4,550 pence.



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