JPMorgan maintains "Overweight" rating on Unilever (UL.US): New medium-term framework enhances growth quality, high single-digit EPS growth expected to drive revaluation.

According to Golden Ten Data, JPMorgan has released a research report maintaining an "Overweight" rating on Unilever (UL.US), setting its target price for the European stock at 65 euros and the UK stock at 5700 pence. The report points out that, on the eve of its Capital Markets Day (CMD), Unilever announced a new mid-term growth framework following the divestiture of its food business, as well as an operating model centered on "global strategy, local execution." The bank believes that the new targets reinforce the quality of the company’s growth plan, and the productivity savings goals also help to strengthen market confidence in its profit expansion potential.