HUL shares rise 3% after Q2 results. Jefferies, Nomura cut target price but forecast 29% upside potential

HUL shares rose 3% after the company reported its Q2 results, highlighting a positive market response despite revised broker assessments.

Brokerages lower target prices

Jefferies and Nomura both cut their target prices for HUL following the Q2 results. However, the two brokerages continued to forecast 29% upside potential for the shares.

The combination of a share-price gain and lower target prices presents a mixed picture for investors. The immediate trading response was positive, while the broker revisions indicate that expectations around HUL’s valuation have been adjusted.

What the market is watching

HUL’s Q2 results remain the central development behind the latest share movement. The 3% rise shows that investors responded favorably to the reported performance, even as Jefferies and Nomura adopted more cautious target-price positions.

With both brokerages still pointing to potential upside, the latest outlook remains constructive but measured. Further investor attention is likely to remain focused on how the company’s results shape expectations for the shares.