Henkel: Stifel raises target price
(CercleFinance.com) - Stifel maintains its 'hold' recommendation on Henkel shares, with a target price raised from E86 to E89, after increasing its 2025-26 EBIT estimates by 1%, due to higher margin assumptions.
The implementation of the group's strategy is on track, with tangible margin progress in H1 2024 and increased confidence in the achievement of its medium-term targets, the broker says regarding the German detergents and cosmetics group.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The implementation of the group's strategy is on track, with tangible margin progress in H1 2024 and increased confidence in the achievement of its medium-term targets, the broker says regarding the German detergents and cosmetics group.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.