HENKEL : UBS raises its price target
' Results are broadly in line for FY 2023 and the confident outlook suggests that a new strategy is gaining ground; but it is too early to be convinced of significant future earnings ' says UBS.
' With EPS for fiscal 2023 broadly in line, we expect the consensus for fiscal 2024E to remain stable, with an increase in LSD with the company's new directions ' adds the analyst firm.
For 2024, Henkel anticipates EPS up 5-20% (at constant exchange rates), an EBIT margin of 12-13.5%, as well as organic sales growth of 2-4%.
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