As reported earlier, Argus analyst John Eade upgraded Unilever to Buy from Hold with a $60 price target. Eade notes that the stock has underperformed the MSCI EAFE Index Fund with a 7% decline over the past quarter and is also trading in line with its peer group. The analyst adds that the 15% retreat in the stock price from the 52-week highs has reflected investors' view of a diminished takeover interest, even as the company is taking steps to improve its earnings. Eade anticipates Unilever management's operating margin objectives to be achieved, with above industry average earnings growth leading to multiple expansion.