Analyst David Hayes of Jefferies maintained a Buy rating on Haleon PLC (HLN – Research Report), boosting the price target to p460.00.
David Hayes has given his Buy rating due to a combination of factors that highlight Haleon PLC’s strong performance and potential for growth. The company demonstrated a notable increase in organic sales growth in the fourth quarter of 2024, rising to 6.8%, which outperformed both the previous quarter and the average of its peers. This growth occurred despite challenges such as a milder cold and flu season compared to the previous year, which could have negatively impacted sales.
Furthermore, although a slow start is anticipated for the first quarter of 2025, with an estimated growth of 3.4%, the overall outlook for the fiscal year remains positive with expectations of exceeding 5% growth. This sets the stage for a potential revaluation of the stock and an increase in consensus estimates. These factors combined support the decision to maintain a Buy rating for Haleon PLC.
According to TipRanks, Hayes is a 4-star analyst with an average return of 3.6% and a 62.50% success rate.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a £4.45 price target.