Previous Close | 1.7000 |
Open | 1.7000 |
Bid | 1.2500 |
Ask | 1.3500 |
Strike | 55.00 |
Expire Date | 2024-08-16 |
Day's Range | 1.7000 - 1.7000 |
Contract Range | N/A |
Volume | |
Open Interest | 520 |
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.