Broker Recommendations

Morgan Stanley downgrades Unilever

By Michele Maatouk

Date: Tuesday 27 Feb 2024

(Sharecast News) - Morgan Stanley downgraded Unilever on Tuesday to 'underweight' from 'equalweight' and cut the price target to 3,775p from 4,100p.
The bank said that while it's not significantly below consensus on earnings, it thinks Unilever's re-rating - to a small premium to Staples - is overdone, particularly given weaker...

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