Barclays upgraded Unilever to Overweight from Equal Weight with a price target of 4,600 GBp, up from 4,300 GBp. There’s much to do and it will take time but new CEO Hein Schumacher comes across as a “real operator who understands the challenges,” the analyst tells investors in a research note. The firm sees a path forward and believes expectations are tempered. “Unilever could finally unlock real value,” contends Barclays.
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