In a report released today, David Hayes from Jefferies maintained a Buy rating on Haleon PLC, with a price target of p440.00.
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David Hayes has given his Buy rating due to a combination of factors that suggest potential for future growth despite current challenges. The report highlights that while Haleon PLC experienced a slowdown in emerging market growth during the first half of 2025, the long-term growth rate remains robust at 10%. This indicates a strong underlying demand that could be converted into sales with strategic efforts.
Additionally, although the US market is currently facing subdued demand and seasonal challenges, there is optimism for improvement under new leadership by fiscal year 2026. Hayes acknowledges that while the investment case might not be fully realized until the first half of 2026, the potential for growth and market stabilization justifies a Buy rating, reflecting a patient and forward-looking investment strategy.
According to TipRanks, Hayes is a 3-star analyst with an average return of 2.1% and a 53.18% success rate. Hayes covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Reckitt, and DANONE SA.
In another report released yesterday, Berenberg Bank also maintained a Buy rating on the stock with a £5.00 price target.