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JP Morgan has upgraded Unilever PLC (LSE:ULVR) from 'underweight' to 'overweight', setting a new share price target of €60/£51, up from the previous €41/$36. This double upgrade was sparked by significant improvements in Unilever's operations and market strategy, the investment bank said in a note.

JP Morgan has upgraded Unilever PLC (LSE:ULVR) from 'underweight' to 'overweight', setting a new share price target of €60/£51, up from the previous €41/$36. This double upgrade was sparked by significant improvements in Unilever's operations and market strategy, the investment bank said in a note.

Unilever, the $64 billion international consumer product goods (CPG) giant, just reported strong 4.4% underlying sales growth in the first quarter, led by a 7.4% increase in its Beauty and Wellbeing division, one of its five reporting groups.

Unilever PLC (NYSE:UL ) Q1 2024 Sales/Trading Statement Conference April 25, 2024 3:00 AM ET Company Participants Hein Schumacher - CEO & Director Fernando Fernandez - CFO & Director Jemma Spalton - Head of Investor Relations Conference Call Participants Warren Ackerman - Barclays Bank Celine Pannuti - JPMorgan Chase & Co. Guillaume Delmas - UBS Fulvio Cazzol - Berenberg Jeffrey Stent - BNP Paribas Exane Bruno Monteyne - Sanford C. Bernstein & Co. Thomas Sykes - Deutsche Bank David Hayes - Jefferies Jean-Olivier Nicolai - Goldman Sachs Group Hein Schumacher Good morning, and welcome to Unilever's First Quarter 2024 Trading Statement.

Unilever PLC (LSE:ULVR) is showing early signs of improvement ahead of a turnaround plan aimed at boosting marketing investment in its top brands, according to Deutsche Bank. After a first-quarter earnings beat on Thursday, analysts from the bank took an optimistic view on the consumer goods giant.

Unilever's new chief executive claimed it is not watering down its sustainability goals but ‘doubling down' on them. Hein Schumacher recently scrapped a whole string of targets for the household products and food giant but insisted today that it was just focusing on the more achievable ones.

Unilever said it continued to expect sales to grow 3% to 5% this year, with a modest improvement in operating margin, as volumes and price dynamics normalize.

First-quarter results from Unilever PLC (LSE:ULVR) beat market expectations but the Domestos and Magnum maker kept its full-year guidance unchanged. Turnover in the first three months of the year landed at €15 billion, up 1.4% on a year ago and above the €14.7 billion average forecast by City analysts.

Unilever's first-quarter sales grew by a better than expected 4.4%, it said on Thursday, as one of the world's biggest consumer goods companies won back shoppers who had traded down to cheaper products.

Multinational consumer goods company Unilever (NYSE: UL) released its latest financial results before markets opened today, on April 25th. The company experienced underlying sales growth of 4.4%, with All five Business Groups reporting underlying sales growth, led by Beauty & Wellbeing (up 3.1%) and Ice Cream (up 2.7%).