Reckitt Benckiser: UBS raises target price
(CercleFinance.com) - UBS reinstates its "buy" rating on Reckitt Benckiser share, having increased its target price for them to 8,000 pence (from 7,700 pence), with its new target price suggesting upside potential of 28% of the British cleaning and health products group.
The broker expects Reckitt Benckiser to exceed its LFL sales growth target for 2022 and sees "Superior earnings growth prospects already materialising".
According to UBS, while higher-than-expected inflation is leading to a more cautious margin outlook, the strong Q1 report should lift consensus expectations by around 3%.
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The broker expects Reckitt Benckiser to exceed its LFL sales growth target for 2022 and sees "Superior earnings growth prospects already materialising".
According to UBS, while higher-than-expected inflation is leading to a more cautious margin outlook, the strong Q1 report should lift consensus expectations by around 3%.
Copyright (c) 2022 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.