Jefferies Raises Unilever (UL) Price Target but Keeps Underperform Rating

Core Insights - Unilever PLC (NYSE:UL) is recognized as one of the 12 Best European Dividend Stocks to buy currently [1] - Jefferies has raised its price target for Unilever to 4,000 GBp from 3,800 GBp while maintaining an Underperform rating, citing ambitious volume growth targets [2] - Unilever reported a 3.9% underlying sales growth in Q3 2025, with turnover exceeding £59 billion over the past 12 months and a stable operating margin of 16.1% [2] - The company has shown strong performance in developed markets and improved growth in emerging markets, particularly in Indonesia and China [3] Financial Performance - Unilever's Q3 2025 underlying sales growth was 3.9% [2] - The company's turnover surpassed £59 billion over the trailing 12 months [2] - Operating margin remained stable at 16.1%, indicating effective cost management [2] Market Performance - Unilever outperformed in developed markets, supported by a strong innovation program [3] - Growth in emerging markets improved due to targeted interventions, with notable recovery in Indonesia and China [3] - Performance was broad-based across all Business Groups, driven by Unilever's Power Brands [3]