BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Morgan Stanley downgrades Hindustan Unilever to underweight
Morgan Stanley has downgraded Hindustan Unilever to "underweight" from "overweight" with a target price of Rs 790. We expect only a gradual increase in volume. Rising promotional expenses a risk for the company. There are downside risks to our earnings estimates for HUL. At current price, HUL trades expensive at 41.5 times forward earnings.