Henkel: UBS still on hold, maintains target price
(CercleFinance.com) - The broker maintains its neutral rating on the consumer products stock, confirming its target price of 62 euros.
The analyst believes that momentum is not impressive at the moment.
Henkel is expected to exceed its targets for FY 2022, although continued macroeconomic uncertainties and slow progress in the consumer products sector will weigh on the stock's valuation, UBS says.
9m sales reached 16.9 billion euros, up 9.7% organically y-o-y.
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