Analyst David Hayes of Jefferies maintained a Hold rating on Henkel AG & Co. KGaA, retaining the price target of €70.00.
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David Hayes has given his Hold rating due to a combination of factors, including volumes that are proving more resilient than previously feared, even after accounting for some advance purchases. He also notes that hair care is delivering solid growth while the weakness in the Laundry and Home Care segment appears more contained than before.
At the same time, the reiterated guidance depends on swift price increases to balance a higher outlook for input costs, which adds execution risk. Hayes views the synergy potential from recent acquisitions as encouraging for earnings accretion by 2030, but with the shares already trading at about 11.3x next‑twelve‑month P/E and the price target unchanged at $70, he sees limited near‑term upside, supporting a Hold recommendation.
In another report released on April 30, Barclays also maintained a Hold rating on the stock with a €70.00 price target.