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Macquarie upgrades Hindustan Unilever
Macquarie upgraded Hindustan Unilever to "Outperform" from "Underperform," and raised its target price to 600 rupees from 340 rupees. The brokerage says the consumer goods maker will benefit from growth in emerging categories, consumers trading up, its innovation pipeline and improved market and cost competitiveness. Macquarie says Hindustan Unilever's "decade of underachievement is behind us",
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