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Jefferies keeps HUL ‘Buy’, sees about 35% upside to Rs 2,850
Jefferies retained a Buy rating on Hindustan Unilever, setting a Rs 2,850 target that implies about 35% upside. It cited 10% June-quarter revenue growth, stable consumer demand and management confidence in maintaining 22.5%-23.5% EBITDA margins despite raw-material inflation.
Reported figures
From the report. Source details below
| Coforge implied upside: | 19% |
|---|---|
| Bharti Airtel implied upside: | 21% |
| KFin Technologies implied upside: | 24% |
The source
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