TD Cowen initiated coverage of Unilever with a Buy rating and $67 price target as the firm launched coverage on the Household and Personal Care sector with five Buy rated stocks and one Sell. Unilever has an “advantaged portfolio” with a strong emerging markets platform, along with a “talented new CEO” is in the early stages of implementing a performance-based cultural turnaround with an increased focus on product superiority across its 30 “Power Brands,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UL:
- Unilever kicks off sale of $19B ice cream division, Bloomberg reports
- Unilever starts talks for sale of ice cream unit, Bloomberg reports
- A.O. Smith to acquire Pureit from Unilever for $120M in cash
- Job Cuts Planned to Strike Unilever’s (NYSE:UL) Operations
- Playtex maker ticks lower after UC Berkeley study on tampon toxins