Henkel: UBS upgrades stock

(CercleFinance.com) - UBS has upgraded its rating on Henkel from "sell" to "neutral," raising its corresponding target price from 81 euros to 88 euros, which now pretty much matches the current share price of the German consumer products group (owner of the X-Tra, Mir, Fa and Loctite brands).


The broker justifies its upgrade by "stronger than anticipated H1 organic sales growth" and "good short term earnings momentum but medium-term concerns remain at this stage".


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