Unilever rallies, closing in on analyst targets ahead of July earnings
Unilever PLC shares jumped more than 3% on Tuesday, outpacing gains on the FTSE 100 ahead of the consumer group's half-year earnings later this month. Hargreaves Lansdown delayed data had Unilever at 4,695.75p, up 139p. The FTSE 100 was up 0.47% at 10,701.46. The stock is now sitting about 9.9% below the median 12-month analyst target of 5,160.27p on Investors Chronicle, after starting the week with a 13.2% gap from Monday’s 4,557p finish. That shift puts pressure on the next set of results, since the story is looking cleaner but tighter—investors now have to bet on volume growth, emerging markets and buybacks, with less of a cushion from a cheap price.
