(CercleFinance.com) – Reckitt Benckiser gains almost 2% in London while UBS reaffirms its ‘buy’ recommendation on the stock, with a price target of 7,170 pence (i.e. a potential upside of 62% for the stock ), anticipating ‘sequentially better operational dynamics in the first quarter’.
The broker expects the British group to post stable like-for-like sales growth in the first quarter, with growth of almost 3% in hygiene and health, offset by a decline of 14% in nutrition.
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