L'Oréal: Barclays raises target price
(CercleFinance.com) - Barclays maintains its "overweight" rating on L'Oréal shares, having increased its target price for them from E423 to E431, highlighting the continued rebalancing within the growth of the world leader in cosmetics.
"Acceleration elsewhere has more than offset the slowdown in China Lux in recent quarters, leaving growth broader based and higher quality", it explains.
The broker anticipates organic sales growth of 8.2% for FY 2024, although says that it is aware that Q4 2023 could see a slowdown.
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"Acceleration elsewhere has more than offset the slowdown in China Lux in recent quarters, leaving growth broader based and higher quality", it explains.
The broker anticipates organic sales growth of 8.2% for FY 2024, although says that it is aware that Q4 2023 could see a slowdown.
Copyright (c) 2023 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.