Jefferies raised the firm’s price target on Henkel (HENKY) to EUR 91 from EUR 88 and keeps a Hold rating on the shares. The firm expects the company’s FY24 operating margin to top consensus and be ahead of the management’s prior guidance of 13.5%-14.5%, though it also sees Henkel’s organic sales growth at the bottom half of its range of 2.5%-4.5%, the analyst tells investors in a research note.
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