Unilever, the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst David Hayes from Jefferies maintained a Sell rating on the stock and has a p3,800.00 price target.
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David Hayes has given his Sell rating due to a combination of factors impacting Unilever’s performance. One of the primary concerns is the company’s challenges in emerging markets, particularly in Latin America, where market dynamics and price leadership are hindering growth. The expected growth in this region is significantly lower than consensus estimates, which raises concerns about Unilever’s ability to capitalize on these markets.
Additionally, Unilever is facing difficulties in other emerging markets like India and China, which further contributes to the cautious outlook. While there is some positive performance in developed markets, with growth slightly above expectations, the overall picture is marred by the underperformance in key regions. This combination of regional challenges and market dynamics has led David Hayes to conclude that a Sell rating is appropriate for Unilever at this time.
In another report released on September 17, RBC Capital also maintained a Sell rating on the stock with a £39.00 price target.
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ULVR in relation to earlier this year.