Bank of America Securities has changed its rating on Hindustan Unilever Ltd (HUL) from positive to neutral. They also lowered the stock’s target price from ₹2,540 to ₹2,330. The reason is that HUL’s business is not recovering as quickly as expected. Consumer demand remains weak, and broader economic challenges are affecting growth. BofA thinks HUL will see almost no increase in product sales (volume) in the fourth quarter of FY25, and only a small rise in prices. They also believe that HUL’s earnings and revenue in FY26 and FY27 will be lower than what most experts are predicting.
HUL Downgraded by BofA on Weak Growth Outlook and Slow Recovery
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