L'Oréal: Barclays still says 'underweight' but raises TP
(CercleFinance.com) - Barclays reaffirms its "underweight" rating on the L'Oréal share, although has raised its corresponding target price from 251 euros to 258 euros, acknowledging impeccable execution for the world leader in cosmetics, while also pointing to limited visibility.
The broker underlines the company's successful strategy, which stole a march on the competition with its Q3 innovation launches, making the period its "strongest quarter for market share gain in decades".
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