Deutsche Bank upgrades Unilever to 'buy', lifts price target

11th Nov 2026 10:48

(Sharecast News) - Deutsche Bank upgraded Unilever on Wednesday to 'buy' from 'hold' and lifted the price target to 5,350p from 5,300p.

The bank said it still believes there are considerable structural and cyclical headwinds for the Staples sector.

"However, we believe that Unilever offers a balance of longer-term transformation potential, near-term earnings confidence, and liquidity benefits to hedge AI risk in a balanced portfolio," it said.

"The scale of content creation and improved engagement also offers another potential benefit versus small peers."

At 1045 GMT, the shares were down 0.2% at 4,931p.