Reckitt Benckiser upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley upgraded Reckitt Benckiser (RBGLY) to Overweight from Equal Weight with a price target of 5,500 GBp, up from 4,600 GBp. The firm says Reckitt is a “self-help story at a compelling valuation discount.” Following several years of earnings volatility, Reckitt should post mid-single-digit sales growth and high-single-digit earnings growth from 2025, the analyst tells investors in a research note.