Jefferies analyst David Hayes raised the firm’s price target on Unilever (UL) to 3,900 GBp from 3,800 GBp and keeps an Underperform rating on the shares. The firm updated the company’s model post the first half results. With Unilever’s U.S. growth set to slow, the company is looking to India, Indonesia, and China for support, the analyst tells investors in a research note.
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