In a report released today, Robert Moskow from TD Cowen maintained a Buy rating on Unilever, with a price target of p5,300.00.
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Robert Moskow has given his Buy rating due to a combination of factors that highlight Unilever’s strong performance and growth potential. The company reported a 3.9% organic growth in the third quarter, surpassing expectations, with a notable increase in volume across all segments. This consistent volume growth over eight consecutive quarters sets Unilever apart from its consumer packaged goods peers and supports a positive outlook.
Furthermore, Unilever’s performance in North America was particularly impressive, with a 5.4% increase in volume driven by strong results in Personal Care and Wellbeing sectors. The company successfully gained market share in key U.S. categories, and improvements in brands like TRESemmé and Dove contributed to this success. Additionally, while Asia showed better-than-expected growth, challenges in Latin America were offset by strategic adjustments in markets like Indonesia and China, which are beginning to show positive trends. These factors collectively reinforce the Buy rating, indicating confidence in Unilever’s ability to maintain its growth trajectory.
Moskow covers the Consumer Defensive sector, focusing on stocks such as Clorox, McCormick & Company, and PepsiCo. According to TipRanks, Moskow has an average return of 3.2% and a 46.44% success rate on recommended stocks.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a £54.00 price target.