Unilever shares are up nearly 1% on the London Stock Exchange, following a gain of nearly 6% yesterday after the announcement of 1st half results. Today, the stock is benefiting from a positive analysis by Deutsche Bank.

Analysts at Deutsche Bank reaffirm their 'buy' recommendation on Unilever, with a price target raised from 4600 to 5000 pence, pointing out that the consumer staples group significantly outperformed market forecasts in the first half.

Gross margins are being rebuilt, but the company is still in the early stages of its restructuring, and we see an opportunity for the valuation multiple to advance as it generates higher EPS growth', the broker judges.

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