Henkel: Stifel still on Hold, lowers TP
<p>(CercleFinance.
com) - Stifel maintains its "Hold" rating on the share, but lowers its target price for it to E88 (from E90) following the publication of the results.
"We have reduced our FY25-26E EBIT guidance for Henkel by 2% and our target price to E88 (from E90) following the publication of the FY2024 results and FY2025 guidance last week", the analyst says.
In its study Stifel believes that the difficult start to the year for consumer brands and an innovation calendar shifted to H2 should result in lower EBIT in H2.
'At 13x P/E 2025, the valuation seems cheap to us and should limit the downside potential' the broker adds.
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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.
com) - Stifel maintains its "Hold" rating on the share, but lowers its target price for it to E88 (from E90) following the publication of the results.
"We have reduced our FY25-26E EBIT guidance for Henkel by 2% and our target price to E88 (from E90) following the publication of the FY2024 results and FY2025 guidance last week", the analyst says.
In its study Stifel believes that the difficult start to the year for consumer brands and an innovation calendar shifted to H2 should result in lower EBIT in H2.
'At 13x P/E 2025, the valuation seems cheap to us and should limit the downside potential' the broker adds.
Copyright (c) 2025 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.