J.P. Morgan Sticks to Its Buy Rating for Unilever (ULVR)
J.P. Morgan analyst Celine Pannuti CFA maintained a Buy rating on Unilever today and set a price target of £57.00.
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Pannuti CFA covers the Consumer Defensive sector, focusing on stocks such as DANONE SA, L’Oreal, and Henkel AG & Co. KGaA. According to TipRanks, Pannuti CFA has an average return of -2.1% and a 41.78% success rate on recommended stocks.
In addition to J.P. Morgan, Unilever also received a Buy from TipRanks – OpenAI’s OpenAI Consumer Defensive GB in a report issued today. However, on the same day, Jefferies maintained a Sell rating on Unilever (LSE: ULVR).
Based on Unilever’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p20.35 billion and a net profit of p2.58 billion. In comparison, last year the company earned a revenue of p29.64 billion and had a net profit of p2.04 billion
Based on the recent corporate insider activity of 22 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.
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- Unilever price target lowered to $67 from $80 at TD Cowen
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