Henkel: Bryan Garnier initiates coverage with 'buy' rating.

(CercleFinance.com) - Bryan Garnier has initiated its coverage of the Henkel stock with a "buy" rating and a fair value of 139 euros, ahead of the group's quarterly results; the broker says that “The forthcoming earnings publication on 14th November could provide an attractive entry point.
”

"In a slowing Food and HPC sector, Henkel's very resilient growth profile stemming from a combination of defensive HPC businesses and cyclical adhesive activities provides the group refuge stock status," the broker underlined.

The broker adds that this resilience, backed by strict cost control and a strong balance sheet, opens the door for the German group to make potential major acquisitions - which, amongst others, operates the brands Mir, Fa and Schwarzkopf.


Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.