Reckitt: RBC upgrades stock
(CercleFinance.com) - RBC upgraded Reckitt shares to "outperform" on Wednesday (from "sector perform", with its target price raised to 7,000p (from 5,900p).
In a report, the broker praised the innovation efforts undertaken by the British consumer products giant.
The focus on R&D expenditure at the expense of marketing costs should work well in boosting its growth potential, analysts said.
The broker said that this scenario should be reinforced by the prospect of a sale of the remaining baby food business, provided of course that the deal is completed at a good price, it concludes.
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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 report, the broker praised the innovation efforts undertaken by the British consumer products giant.
The focus on R&D expenditure at the expense of marketing costs should work well in boosting its growth potential, analysts said.
The broker said that this scenario should be reinforced by the prospect of a sale of the remaining baby food business, provided of course that the deal is completed at a good price, it concludes.
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.