(CercleFinance.com) – Reckitt Benckiser gains 2% on the back of a rise in opinion at Jefferies from ‘underperformance’ to ‘hold’, with an adjusted price target of 5,600 to 5,620 pence, on the group’s stock British brand of cleaning, hygiene and health products.
Despite a negative market reaction to quarterly reports at the end of last week, the broker believes that the stock is close to lows in terms of relative valuation, and that the consensus for 2023 “seems appropriately cautious”.
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