L'Oréal: Barclays lowers target price
(CercleFinance.com) - Barclays reiterates its 'overweight' recommendation on L'Oréal shares reducing its target price from E479 to E442, pointing out that the group has missed expectations in three of the last four quarters, with China consistently worse than feared.
However, growth in developed markets remains robust and execution remains impressive. We are reducing our short-term figures, but when the macroeconomy turns around, L'Oréal looks well positioned to accelerate again, the broker says, however.
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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.
However, growth in developed markets remains robust and execution remains impressive. We are reducing our short-term figures, but when the macroeconomy turns around, L'Oréal looks well positioned to accelerate again, the broker says, however.
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.