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Fly News Breaks for January 22, 2020
Jan 22, 2020 | 04:47 EDT
Berenberg analyst James Targett downgraded Unilever to Hold from Buy with a price target of EUR 55, down from EUR 60. The company needs 4%-plus organic sales growth for a valuation re-rating, and that looks challenging given softness in countries such as the U.S. and Brazil and now a slowdown in India, Targett tells investors in a research note.