LONDON (ShareCast) - Morgan Stanley reckons household goods giant Unilever has been oversold in recent months, having fallen around 20% from May’s high.
Nevertheless, it still has the Anglo-Dutch group as 'underweight' with 1,600p price target.
AB Foods gets the nod over Tate & Lyle and Premier Foods, with an ‘overweight' rating and 960p target. Tate is kept as 'underweight' with 430p target, while Premier is 'equal-weight' with 120p target.
Cadbury, recently lowered to ‘sell’ from ‘hold’ at Investec on valuation grounds, is 'overweight' with 750p target price.