Previous close | 18.10 |
Open | 18.10 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 30.00 |
Expiry date | 2026-01-16 |
Day's range | 18.10 - 18.10 |
Contract range | N/A |
Volume | |
Open interest | N/A |
JPMorgan has turned positive on Unilever (LON:ULVR), after several years of caution, but has taken a more cautious view on Nestle (SIX:NESN) as its earnings growth moderates. Unilever has instituted several changes over the past 12 months, analysts at JPMorgan said in a note dated May 23, which have soothed the bank’s concerns, including cultural change and corporate governance; market share underperformance through increased investments and execution focus; and portfolio transformation with disposals. This feeds a stronger FY24, and should give credence to Unilever is on the path to turnaround and contribute to the stock re-rating along with positive earnings revision.
Unilever will hang onto its Russian ice cream business despite plans to offload its frozen dessert brands.
Over the next 12 months, this FTSE 100 stock could reward investors with both double-digit share price gains and healthy dividends. The post This blue-chip FTSE 100 stock could return 25% over the next year… if analysts are right appeared first on The Motley Fool UK.