Previous close | 3.8000 |
Open | 3.8000 |
Bid | 3.6000 |
Ask | 3.8000 |
Strike | 57.50 |
Expiry date | 2025-01-17 |
Day's range | 3.8000 - 3.8000 |
Contract range | N/A |
Volume | |
Open interest | 159 |
Insight into Causeway International Value (Trades, Portfolio)'s Latest Investment Moves
JPMorgan has turned positive on Unilever (LON:ULVR), after several years of caution, but has taken a more cautious view on Nestle (SIX:NESN) as its earnings growth moderates. Unilever has instituted several changes over the past 12 months, analysts at JPMorgan said in a note dated May 23, which have soothed the bank’s concerns, including cultural change and corporate governance; market share underperformance through increased investments and execution focus; and portfolio transformation with disposals. This feeds a stronger FY24, and should give credence to Unilever is on the path to turnaround and contribute to the stock re-rating along with positive earnings revision.
Unilever will hang onto its Russian ice cream business despite plans to offload its frozen dessert brands.