Report
Pierre Tegner

Unilever Nv : Back to business ! Fin des distractions, 3 ans après KHC – Achat vs Neutre

>Achat vs Neutre : Back to business et retard inédit de valorisation - Achat vs Neutre avec un OC de 59 € (DCF et PE cible de 20x sur 2021e). 3 ans après le rejet de l’offre de KHC (17.02.17), nous pensons que le titre va sortir de 2 ans de léthargie. Unilever s’est trop laissé distraire par la réponse à apporter au rejet de l’offre de KHC alors que certains de ses pairs accéléraient leur transformation (P&G, Nestlé, C&D, Pepsi). D’où le retard de valorisation et la ...
Underlying
Unilever NV

Unilever is engaged in the supply of consumer goods in foods, household care and personal products. Co.'s activities are carried out through four categories: Personal Care, sales of skin care and hair care products, deodorants and oral care products; Home Care, sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products; Foods, sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; and Refreshment, sales of ice cream and tea-based beverages. Co.'s products are sold in over 190 countries around the world.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Pierre Tegner

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