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Fly News Breaks for September 1, 2019
UN, UL
Sep 1, 2019 | 22:22 EDT
Goldman Sachs analyst John Ennis upgarded Unilever to Buy from Neutral and raised his price target for the shares to 62 euros from 54 euros. The analyst expects the company's growth to pick up in 2020 as India, Brazil and Indonesia start to improve. Further, after underperforming year-to-date, Unilever shares now trade at a 6% price-to-earnings ratio discount on 2020 estimates relative to peers, Ennis tells investors in a research note.
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