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Beiersdorf: Stifel prefers to Henkel

( - In a sector report, Stifel says that it prefers Beiersdorf ("buy" rating, TP: E138) over Henkel ("hold" rating, TP: E73) in the household and personal care (HPC) sector.

Regarding Beiersdorf's plus points, the broker highlights, "positive volume and market share momentum and very good margin visibility; (2) strong brand momentum for NIVEA and Eucerin, and Asia recovery potential in 2024 for La Prairie".

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