Henkel: Liberum no longer a seller.

(CercleFinance.com) - Liberum has upgraded its rating on German consumer goods group Henkel from "sell" to "hold," after the stock's underperformance since reaching an all-time high last June.


The British broker says that the shares now better discount the balance of risks and are trading at a 13% discount relative to consumer staples (versus 5% historically).

However, Liberum has trimmed its target price on the share from 122 euros to 118 euros.

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.