Shares of Unilever (UL -3.8%) trade lower after BofA Merrill Lynch downgraded it to Underperform...

|About: Unilever Plc (UL)|By:, SA News Editor

Shares of Unilever (UL -3.8%) trade lower after BofA Merrill Lynch downgraded it to Underperform earlier today. Merrill notes that it's one of the most expensive stocks in the consumer staples sector, trading at at 10% versus a historical discount to parity.