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Henkel: UBS raises its target price

( - While maintaining its 'neutral' recommendation on Henkel shares, UBS has raised its target price for them from E75 to E81, the day after the German owner of consumer staples brands such as Le Chat, Mir, Schwarzkopf and Loctite reported its quarterly results.

"Mix and favourable commo environment to drive a 170bps op margin improvement this year; but OSG visibility still limited at this stage", the broker says.

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