Unilever PLC (LSE:ULVR) is a “company with improving quality,” according to analysts at Deutsche Bank, although they have cut their target price for the FTSE 100-listed consumer products giant to 4,400p from 4,500p, albeit while keeping a ‘buy’ rating on the stock.
The Deutsche Bank analysts noted that although Unilever is showing improvements in commercialisation and innovation as seen as its investor day, they still felt it necessary to make “small reductions” to their margin forecast for the company.
The forecasts were cut due to higher investment, tax, interest and further foreign exchange movements, they added.
Looking forward, the analysts said that "there will likely be focus on the company guidance of moderate margin improvement within their multi-year financial framework.”