Henkel: Barclays adjusts target price

(CercleFinance.com) - While maintaining its 'equal weight' rating on Henkel shares, Barclays has trimmed its target price for them from E80 to E79, questioning the prospects for the German parent company of brands such as Mir, Schwarzkopf, Diadermine and Loctite.


While the headwinds associated with portfolio pruning are, in its view, almost over, the broker forecasts slight volume growth for consumer brands in Q3 2024, for the first time since Q2 2021.

As Henkel has made decent progress in rebuilding its profitability in recent years, the challenge now is to ensure sustainable volume growth, the broker summarises.


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