Henkel: RBC upgrades stock; shares rise.
(CercleFinance.com) - RBC Capital Markets has upgraded German consumer goods group Henkel to "outperform" from "sector perform," raising its target price from 112 euros to 132 euros.
The investment bank says Henkel's exposure to adhesive technologies will prove to be a "valuable attribute," given expectations for substantial improvements in industrial activity.
"The rebound in the fourth-quarter indicates the recovery is arguably already under way," RBC said.
Henkel shares are currently up 1.5 percent at 125.5 euros in Frankfurt.
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