Jefferies Remains a Sell on Unilever PLC (UL)

Unilever PLC (NYSE:UL) is one of the Top Blue Chip Stocks to Buy At 52-Week Lows. On September 30, David Hayes from Jefferies maintained a Sell rating on Unilever PLC (NYSE:UL) and reduced the price target from 3,900p to 3,800.00p.

The analyst noted that his main concern is the company’s struggles in emerging markets, such as Latin America. The tough market conditions and pricing pressures in these markets are limiting growth. He highlighted that as a result, the expected growth in this region is much lower than what the analysts forecast.

Moreover, Unilever PLC (NYSE:UL) is also facing difficulty in other key markets, including India and China. He noted that these issues weigh down the company’s overall growth prospects. On the positive side, the company is performing moderately well in developed markets, with growth slightly better than expected.

Unilever PLC (NYSE:UL) is a UK-based fast-moving consumer goods company that sells products in five main areas, including Beauty & Wellbeing, Personal Care, Home Care, Foods, and Ice Cream.

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Disclosure: None. This article is originally published at Insider Monkey.