Reckitt Benckiser downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Iain Simpson downgraded Reckitt Benckiser (RBGLY) to Equal Weight from Overweight with a price target of 5,360 GBp, down from 5,530 GBp. The company’s portfolio transformation, while strategically necessary, will likely leave its earnings growth flat until 2027, the analyst tells investors in a research note.