Jefferies lowered the firm’s price target on Unilever (UL) to 3,700 GBp from 4,100 GBp and keeps an Underperform rating on the shares. The firm updated the company’s post last month’s fiscal 2024 results and change in CEO. A “less ambitious narrative on 2025 outlook was a setback, and a reminder that category growth dictates Unilevers sales momentum, the analyst tells investors in a research note.
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