Beiersdorf: Barclays stays on 'Overweight'
(CercleFinance.com) - Barclays reaffirms its 'Overweight' recommendation and raises its price target from 110 to 119 on the Beiersdorf share in a note on the European personal care and household products sector.
The broker identified that most of the European brands in the sector are showing a weak start to the year, and that Henkel, Ontex and Reckitt Benckiser in particular are relying on a significant improvement in the second half of 2019 to attain their annual targets.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker identified that most of the European brands in the sector are showing a weak start to the year, and that Henkel, Ontex and Reckitt Benckiser in particular are relying on a significant improvement in the second half of 2019 to attain their annual targets.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.