Jefferies raised the firm’s price target on Reckitt Benckiser (RBGLY) to 5,900 GBp from 5,500 GBp and keeps a Hold rating on the shares. The firm updated its view of Reckitt for its divestment of Essential Home and to reflect higher confidence with regard to mid-term volume/mix growth in emerging markets, especially China. That said, pricing and brand support realism will contain operating margin, the analyst tells investors in a research note.
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Read More on RBGLY:
- Reckitt’s Growth Prospects and Challenges: Hold Rating Amid Emerging Market Optimism and Margin Expansion Concerns
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