Reckitt Benckiser: supported by a broker raise

Reckitt Benckiser: supported by a broker raise

(CercleFinance.com) – Reckitt Benckiser earns more than 1% in London, with the help of Credit Suisse, which raises its view from ‘neutral’ to ‘outperform’, with a price target raised by 8% to £78 due to a reduction in the cost of capital used in its model.

The broker now expects the UK health, hygiene and personal care group to become a mid-single-digit percentage revenue growth company by the financial year 2022.

In conjunction with its higher than industry average margins’, this growth assumption justifies, according to Credit Suisse, that the share ‘regains its valuation premium over the consumer staples sector’.

Reckitt Benckiser: supported by a broker raise
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