Henkel: UBS 'staying cautious' after third-quarter report

(CercleFinance.com) - UBS is "staying cautious" on the shares of German consumer goods group Henkel after third-quarter results did little to alleviate key concerns, the broker said on Friday.


UBS said that the prevailing weakness of the household and personal care (HPC) business and margin quality explain its caution towards the group.

The broker has a "sell" rating on the stock, with a new target price of 93 euros, which it has nudged up from 92 euros previously.

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