Four brokers upgrade India’s Hindustan Unilever over 2 days

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Published: January 7, 2015 3:50:38 PM

Credit Suisse upgrades Hindustan Unilever to "outperform" from "neutral" and raises its target to 915 rupees...

Credit Suisse upgrades Hindustan Unilever to “outperform” from “neutral” and raises its target to 915 rupees from 800 rupees.

JP Morgan raises the stock to “neutral” from “underweight” and the target to 790 rupees from 700 rupees.

Motilal Oswal upgrades the stock to “neutral” from “sell”.

Deutsche bank on Tuesday upgraded the company to “buy” from “hold” and raised the target to 900 rupees from 700 rupees.

Brokers cite lower input costs, structurally weaker competitive environment, strong investments in distribution as the key reasons for the upgrades.

Stock has 9 buy ratings, 11 holds and 19 sells – Thomson Reuters Eikon data

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