FRANKFURT (dpa-AFX) - Henkel shares rose to their highest level since May 2023 on Tuesday following a commentary by Barclays Bank. Around noon, they were trading slightly below their interim high, up 1.88 percent at 75.90 euros.

According to Barclays analyst Iain Simpson, a recovery in sales is likely to be a long time coming, but the consumer goods and adhesives group is moving in the right direction. The adjustment of the product portfolio is still weighing on the detergents and cleaning products business. However, a trend reversal is expected from 2025. With regard to the adhesives business, the economic trend is of little help, but the DAX-listed company is benefiting from a positive price environment.

Analyst Simpson raised his price target for Henkel from 72 to 76 euros and confirmed his "Equal-weight" vote./mis/jha/