MARKET TALK: Goldman Sachs Upgrades Unilever To Buy

13th Jul 2010 07:19

0619 GMT [Dow Jones] Goldman Sachs upgrades Unilever (UN) to buy from neutral as it believes the restructuring phase is coming to and end and the company is set for growth. Adds market is underestimating the returns and growth potential from Unilever's exposure to emerging markets and a reduction in restructuring spend. Ups target price to EUR29.60 from EUR22.90. Shares closed EUR22.90 Monday. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 13, 2010 02:19 ET (06:19 GMT)

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