Henkel: Barclays raises TP

(CercleFinance.com) - Barclays has reaffirmed its 'equal weight' recommendation on Henkel shares, with a target price raised from E72 to E76, ahead of its Q1 2024 trading update, for which it expects volumes to be similar to those of Q4 2023.


Optimization of the portfolio should continue to impact volumes in laundry and household care, and we still expect the inflection point to come in 2025 at the earliest, the broker says, which also considers the macro landscape to be unfavourable for adhesives.


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.