Henkel: RBC raises target price.
(CercleFinance.com) - RBC Capital Markets maintains its "outperform" rating on Henkel, raising its target price on the stock from 132 euros to 134 euros.
In a research note sent to clients, the brokerage firm writes that the German group's adhesive technologies unit will continue to drive top-line momentum.
"We believe Henkel is well positioned to offset cost inflation with a combination of price increases, category mix and operational gearing, meaning that margin guidance is potentially conservative," it says.
RBS also points out that the shares are trading at an 11% discount to food and the home and personal care (HPC) sector.
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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.
In a research note sent to clients, the brokerage firm writes that the German group's adhesive technologies unit will continue to drive top-line momentum.
"We believe Henkel is well positioned to offset cost inflation with a combination of price increases, category mix and operational gearing, meaning that margin guidance is potentially conservative," it says.
RBS also points out that the shares are trading at an 11% discount to food and the home and personal care (HPC) sector.
Copyright (c) 2017 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.