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Reckitt Benckiser: UBS raises target price

( - UBS reinstates its "buy" rating on Reckitt Benckiser shares, having increased its target price for them from 8,400 pence to 8,700 pence, with the latter representing upside potential of 33% for the British health and personal care products group's stock.

"Superior resilience of Reckitt's business model and evidence of enhanced ability to gain share point towards consistent operational outperformance," the broker summarised.

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