Analyst David Hayes from Jefferies maintained a Sell rating on Unilever and keeping the price target at p4,300.00.
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David Hayes has given his Sell rating due to a combination of factors, despite acknowledging some positive elements in Unilever’s latest quarter. He views the stronger-than-expected volume and mix, particularly the notable volume rebound in HomeCare driven by Latin America, Brazil, and India, as a constructive start rather than a decisive turnaround.
However, he believes that maintaining guidance in the face of ongoing macroeconomic headwinds leaves meaningful downside risk, especially around margin execution. In his view, the share price is likely to benefit near term from outperforming peers on this print, but the heavy reliance on performance delivery and unresolved uncertainties, including the timing of the MKC transaction closure, justify keeping a cautious Sell stance, with the price target unchanged at $4300.
Based on the recent corporate insider activity of 32 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.