Reckitt Benckiser: Barclays still a buyer, trims TP
(CercleFinance.com) - Barclays reiterates its "overweight" rating on Reckitt Benckiser shares, despite reducing its target price for them from £77 to £74, continuing to like the group and believing that it can " deliver reliable earnings growth from next year onwards".
"Strong growth in Hygiene and Health should offset weakness in nutrition", the broker believes, which forecasts the British group to post organic sales growth of 3.2% in Q3 and 4.9% for FY 2023.
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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.
"Strong growth in Hygiene and Health should offset weakness in nutrition", the broker believes, which forecasts the British group to post organic sales growth of 3.2% in Q3 and 4.9% for FY 2023.
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.