BofA analyst Victoria Petrova double upgraded Unilever to Buy from Underperform with a price target of $72, up from $47. The analyst believes the company’s annual organic growth will reach of 4.6% through 2027 on the back of stronger underlying growth and market share improvement, accelerating annual sales growth to 10% through 2026 from 1.5% 2020 through 2023. The separation of Ice Cream will be beneficial for growth, management focus, and the stock’s valuation, the analyst tells investors in a research note.
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