Henkel: RBC raises target price.
(CercleFinance.com) - RBC Capital Markets maintains its "outperform" rating on Henkel, raising its target price on the stock from 132 euros to 134 euros.
In a research note sent to clients, the brokerage firm writes that the German group's adhesive technologies unit will continue to drive top-line momentum.
"We believe Henkel is well positioned to offset cost inflation with a combination of price increases, category mix and operational gearing, meaning that margin guidance is potentially conservative," it says.
RBS also points out that the shares are trading at an 11% discount to food and the home and personal care (HPC) sector.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
In a research note sent to clients, the brokerage firm writes that the German group's adhesive technologies unit will continue to drive top-line momentum.
"We believe Henkel is well positioned to offset cost inflation with a combination of price increases, category mix and operational gearing, meaning that margin guidance is potentially conservative," it says.
RBS also points out that the shares are trading at an 11% discount to food and the home and personal care (HPC) sector.
Copyright (c) 2017 CercleFinance.com. All rights reserved.