Unilever Investor Attention to Focus on CMD in November
Dow Jones
Yesterday
0855 GMT - Unilever is expected to report a slight fall in third-quarter underlying sales growth compared with the earlier quarter, but back its full-year guidance, UBS analysts Guillaume Delmas and Andrei Condrea write. They expect the consumer-goods giant--which houses the Hellmann's and Dove brands among its portfolio--to report third-quarter underlying sales growth of 5% compared with 5.8% in the second quarter. With 4%-6% underlying sales growth guidance expected to be maintained, the analysts say the market will rapidly turn its attention to the company's capital markets day in New York on Nov. 4. UBS cuts its target price on the stock to 43.90 pounds from 44.40 pounds, but keeps its sell rating. Shares are up 0.4% at 45.87 pounds.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.