Bernstein analyst Bruno Monteyne upgraded Henkel to Market Perform from Underperform with a price target of EUR 72, up from EUR 55. Valuations in the European food sector make it hard to have absolute Underperforms, particularly as the weakest companies are having the biggest earnings upgrades as better economic growth allows the value stocks to rebuild profitability much faster, the analyst tells investors in a research note.
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Read More on HENKY:
- Henkel price target raised to EUR 76 from EUR 68 at Morgan Stanley
- Henkel price target raised to EUR 86 from EUR 78 at Berenberg
- Henkel price target raised to EUR 79 from EUR 70 at JPMorgan
- Henkel price target raised to EUR 78 from EUR 76 at Barclays
- Henkel upgraded to Hold from Sell at Deutsche Bank
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