Henkel price target raised to EUR 91 from EUR 88 at Jefferies

Jefferies raised the firm’s price target on Henkel (HENKY) to EUR 91 from EUR 88 and keeps a Hold rating on the shares. The firm expects the company’s FY24 operating margin to top consensus and be ahead of the management’s prior guidance of 13.5%-14.5%, though it also sees Henkel’s organic sales growth at the bottom half of its range of 2.5%-4.5%, the analyst tells investors in a research note.