Sale of Spreads Has No Impact to Valuation; Limited Upside Remains to Unilever
Unilever's disposal of its Spreads business was executed at a valuation in line with our forecasts, and we maintain our EUR 52 fair value estimate for the Amsterdam-traded share class. The operating environment remains challenging in commodified food and home and personal care categories, but we think Unilever is adopting the right approach to rise to the challenge of increasing competition, and that its wide economic moat should remain intact through ongoing channel shifts in some categories. A...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.