Analyst David Hayes from Jefferies maintained a Buy rating on Haleon PLC and keeping the price target at p440.00.
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David Hayes has given his Buy rating due to a combination of factors including anticipated improvements in Haleon PLC’s performance. He maintains a forecast for the third quarter organic sales growth at 3.4%, slightly below consensus but expects it to adjust to below 3.5%. For the fourth quarter, he raises the forecast to 3.6%, reflecting a sequential improvement from the second quarter.
These adjustments are supported by favorable conditions such as easier comparisons in Latin America, positive innovation impacts across Europe and emerging markets, and signs of stabilization in North America. Additionally, with the company’s valuation compressed to a price-to-earnings ratio of 17x, Hayes sees potential for growth, particularly as emerging market growth is expected to accelerate into 2026.