NEW YORK (dpa-AFX Broker) - The US analyst firm Bernstein Research has upgraded Henkel from "Underperform" to "Market-Perform" and raised its price target from 61 to 80 euros. After a very weak share price performance over the past twelve months, better times are in sight in the household and food sector, wrote analyst Bruno Monteyne in a study published on Tuesday. The valuation makes it difficult to issue negative recommendations for individual stocks such as Henkel. Monteyne believes in the ability of weaker companies in particular to restore their profitability under the current economic conditions./tih/ag

Publication of the original study: 20.05.2024 / 21:29 / UTC

First dissemination of the original study: 21.05.2024 / 04:00 / UTC