Report
Pierre Tegner

Unilever Nv : Very pleasant surprise in Q3: +4.4% like-for-like

>Buy recommendation maintained: a quarter that underpins the idea that the improvement in operating execution has really materialised - Buy recommendation maintained with a target price of € 58. In the long term, our positive opinion is based on the idea that Unilever is eligible to become a core holding (strategically concentrated and operationally diversified) whose 12-mth fwd PER levels in both the US and Europe converge towards 24x to 25x (P&G, PepsiCo, Church & ...
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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