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Henkel: Liberum no longer a seller.

(CercleFinance.com) - Liberum has upgraded its rating on German consumer goods group Henkel from "sell" to "hold," after the stock's underperformance since reaching an all-time high last June.

The British broker says that the shares now better discount the balance of risks and are trading at a 13% discount relative to consumer staples (versus 5% historically).

However, Liberum has trimmed its target price on the share from 122 euros to 118 euros.

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