Reckitt Benckiser: Credit Suisse upgrades stock

(CercleFinance.com) - Credit Suisse has upgraded its rating on the Reckitt Benckiser share from "neutral" to "outperform", having raised its corresponding target price by 8% to 78 pounds, due to a reduction in the cost of capital it uses in its valuation model.


The broker now expects the UK health, hygiene and personal care products group to post "mid-single digit" sales growth by FY 2022.

"In conjunction with its above sector-average margins, in our view justify the stock regaining its valuation premium to the staples sector".


Copyright (c) 2020 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.