1110 GMT - Unilever's share price doesn't reflect the consumer-goods company's ability to increase sales volumes or its judicious management of its assets, Bank of America's Nicolas Ceron and Antoine Prevot write in a note. The London-listed group's capital allocation strategy is more clear-eyed than those of its peers, making the stock undervalued, they say. Unilever spun off Magnum Ice Cream late last year. The company reported expectation-beating first quarter sales growth. The group will likely increase prices later this year in response to higher oil prices resulting from the Iran war, the analysts note. Unilever shares gain 1.55%.(josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
May 01, 2026 07:10 ET (11:10 GMT)
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