Reckitt Benckiser: in green, a broker confirms its recommendation

(CercleFinance.com) - Reckitt Benckiser gained almost 2% in London as UBS reaffirmed its 'buy' recommendation on the stock, with a target price of 7170 pence (representing a 62% upside potential for the share), anticipating 'sequentially better operating momentum in the first quarter'.


The broker expects the British group to post stable like-for-like sales growth in the first quarter, with growth of almost 3% in hygiene and health, offset by a 14% decline in nutrition.


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