Henkel: Barclays raises target price

(CercleFinance.com) - Barclays announced on Friday that it had raised its target price for Henkel shares from E78 to E80 after raising its earnings forecasts for the group.


The broker - which has an "equal weight" recommendation on the share - said it expected the consumer goods manufacturer's operating momentum to continue to move in the right direction, with sequential volume growth.

It expects organic sales growth of 3.2% for Q2.

The analyst also explained that he sees a well-balanced risk/reward profile over the long term in the absence of any major strategic changes.


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