Beiersdorf: Beiersdorf remains on the buy side


Stifel reiterates its ‘buy’ recommendation and its price target of 113 euros on Beiersdorf, anticipating for the German cosmetics group the presentation of a ‘vigorous start to the year, which should support optimism on the title in the short term’.

The broker indicates that it is adjusting its sales and operating profit projections for 2022 and 2023 by +0.5%, to reflect a stronger expectation of organic sales growth, +8.5%, for its consumer activity in the first quarter of 2022. .

Pending the quarterly business update on April 28, Stifel believes that ‘an absence of margin warnings and a sequential improvement in sales should continue to support the share’s outperformance’.

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