Unilever price target raised to 3,700 GBp from 3,400 GBp at Jefferies

Jefferies raised the firm’s price target on Unilever to 3,700 GBp from 3,400 GBp and keeps an Underperform rating on the shares. Following last week’s Q1 report, the firm increased its FY24 organic sale growth estimate to 3.9% from 3.3%, but adds that early belief in the new “GAP strategy” could be “premature.”