Beiersdorf: Credit Suisse downgrades 'buy' rating

(CercleFinance.com) - According to Credit Suisse, investors should no longer buy the Beiersdorf share ("outperform" rating downgraded), with its analysts having adopted a neutral rating.


Alongside this downgrade, the broker has cut its target price from 103 euros to 95 euros, which is about five euros less than the share's current price on the Frankfurt Stock Exchange.

A research report acknowledges that the German consumer goods group, which has Nivea as a flagship brand, has one of the most attractive organic growth profiles amongst stocks the broker monitors. This results from the work started by CEO Stefan Heidenreich in 2012, which now enables Beiersdorf to post ratios that are in line with its peers.


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