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Zacks Investment Research Downgrades Unilever (UN) to Sell

The Cerbat Gem

Zacks Investment Research cut shares of Unilever (NYSE:UN) from a hold rating to a sell rating in a research report report published on Friday morning. According to Zacks, “Unilever is one of the world’s largest consumer products companies. They produce and market a wide range of foods, home and personal care products. Their leading brands include Dove, Lipton, Magnum, Omo and Rama. They are the number one producer of frozen foods in Europe, They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands. “ Separately, JPMorgan Chase & Co. reiterated a neutral rating