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Henkel: shares outperform on Liberum upgrade

( - Shares in Henkel, one of the world's biggest consumer goods groups, are down 0.
2% at 87.1 euros, outperforming a 1.2% fall in the DAX index on Thursday, after Liberum upgraded the stock.

Liberum upgraded its rating on the shares from "hold" to "buy," with a target price of 98 euros.

"Henkel's 2020+ program is a realistic and prudent effort to reset the group's growth algorithm and re-establish its competitive position," the broker says in a note.

"Strong execution could accelerate Henkel's return to growth and drive EPS upside surprises," it adds.

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