Unilever upgraded as broker reckons price has already absorbed the food pain

RBC Capital Markets has lifted up its view on Unilever PLC (LSE:ULVR) to Sector Perform, from Underperform, claiming the market has already absorbed much of the pain from management's controversial food disposal plan. The bank's analysts call the proposal "fairly reflected" in the current share, even as the broker kept to a 4,200p price target (vs 4,219p today).