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Fly News Breaks for December 2, 2019
UL, UN
Dec 2, 2019 | 04:44 EDT
Liberum analyst Nico Von Stackelberg upgraded Unilever to Buy from Hold with a 5,100 GBp price target. Unilever's acquisitions and divestitures can transition it to a mid-single-digit growth company, Von Stackelberg tells investors in a research note. Further, its current pace of annual cost savings creates room to reinvest in brands and exceed 20% operating profit margins, adds the analyst.