Henkel: Stifel still on hold, adjusts target price

(CercleFinance.com) - Stifel maintains its 'hold' recommendation on Henkel shares, adding a euro to its TP of E82 to E83, believing that the stock should continue to be upbeat for the publication of H1 results in August, following relatively reassuring comments.


"Improving volume trends for Consumer Brands and Adhesives divisions and a front-end loaded margin development should reassure the bulls.
We remain constructive on Henkel's margin recovery," it says regarding the consumer goods group.


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