BNP Paribas Exane upgraded Henkel (HENKY) to Outperform from Neutral with a price target of $25.20, up from $23. The firm believes the worst is behind the company’s consumer brands segment while the macro backdrop for its adhesives unit is turning more favorable. The U.S. near-term destocking headwinds for Henkel’s consumer brands are likely over, the analyst tells investors in a research note. BNP believes the stock can now re-rate from “very depressed levels.”
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Read More on HENKY:
- Henkel upgraded to Outperform from Neutral at BNP Paribas Exane
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- Henkel price target raised to EUR 78 from EUR 77 at Jefferies
- Henkel price target raised to EUR 80.50 from EUR 79 at Berenberg
- Henkel price target raised to EUR 81 from EUR 80 at Deutsche Bank