Reckitt Benckiser: remains Berenberg's 'top pick' for 2020
(CercleFinance.com) - Britain's Reckitt Benckiser remains Berenberg's "top pick" for 2020 in the household and personal care sector, the German broker said on Tuesday.
The firm - which maintains its "buy" rating on the share with a target price of 7,150 pence (17% upside) - said in short that the company can achieve a sooner-than-expected -like-for-like growth recovery, which could underpin a re-rating.
The Reckitt Benckiser share is currently up 0.7% at 6,133 pence on the London Stock Exchange.
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