L’Oreal upgraded to Sector Perform from Underperform at RBC Capital

RBC Capital upgraded L’Oreal to Sector Perform from Underperform with a price target of EUR 410, up from EUR 340. The company has maintained volume growth despite significant price increases and a sluggish China, the analyst tells investors in a research note. The firm believes L’Oreal’s volume growth will be a key determinant of share price performances in the sector going forward.