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Credit Suisse has upgraded Hindustan Unilever to “outperform’’ from “neutral’’ and raised its target to Rs 915 from Rs 800.
JP Morgan has raises the stock to “neutral’’ from “underweight’’ and the target to Rs 790 from Rs 700.
Motilal Oswal has upgraded the stock to “neutral’’ from “sell’’’.
Deutsche Bank had on Tuesday upgraded the company to “buy’’ from “hold’’ and raised the target to Rs 900 from Rs 700.
Brokers have cited lower input costs, structurally weaker competitive environment, and strong investments in distribution as the key reasons for the upgrades.
The stock has 9 buy ratings, 11 holds and 19 sells.
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