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Haleon initiated with a Buy at Berenberg

Berenberg initiated coverage of Haleon with a Buy rating and 407 GBp price target. The analyst says the company’s U.S. launch of Eroxon should drive better than expected organic sales growth of 5.8% in 2025. Haleon’s exposure to attractive categories should allow it to grow by 4.6% in the medium term, which is above the sector average of 4.1%, the analyst tells investors in a research note.

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