HUL shares slip 2% after BofA downgrade on slow recovery concerns

HUL share price: The brokerage also lowered its target price for HUL to Rs 2,330 from Rs 2,540, citing macroeconomic challenges and weak consumer demand, especially in rural India. BofA noted that pricing pressures and inflationary costs in key segments like tea and soaps could impact the company's short-term performance.