JPMorgan stays Overweight on HUL, sees 20% upside to Rs 2,550
JPMorgan reiterates Overweight on Hindustan Unilever with a Rs 2,550 target, citing stable urban-rural demand, premiumisation, quick-commerce-led omnichannel push, and growth in liquids, Beauty & Wellbeing, and Foods. Stock rose 3.3% intraday to Rs 2,204; m-cap at Rs 5.12 lakh crore.
JPMorgan reiterates Overweight on HUL with Rs 2,550 target (20% upside), citing stable urban-rural demand, premiumisation, omnichannel strategy spanning quick commerce, organizational restructuring, and growth in liquids, Beauty & Wellbeing, and Foods portfolios.