In a report released today, David Hayes from Jefferies maintained a Buy rating on Haleon PLC (HLN – Research Report), with a price target of p460.00.
David Hayes has given his Buy rating due to a combination of factors that suggest a positive outlook for Haleon PLC. Despite concerns from peers about consumer demand, particularly in the US market, which constitutes a significant portion of the group’s business, Hayes remains optimistic. This optimism is rooted in the nature of Haleon’s products, which focus on functional and problem-solving solutions, providing the company with unique growth opportunities.
Furthermore, the company’s ability to create its own growth avenues is seen as a significant advantage. The projected organic sales growth for the first quarter aligns closely with previous guidance, indicating stability and potential for continued success. These factors collectively contribute to Hayes’s confidence in recommending a Buy rating for Haleon PLC.