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Haleon price target lowered to 344 GBp from 358 GBp at BofA
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Haleon price target lowered to 344 GBp from 358 GBp at BofA

BofA analyst Graham Parry lowered the firm’s price target on Haleon (HLN) to 344 GBp from 358 GBp and keeps a Buy rating on the shares due to lowered earnings estimates following FY22 results and FY23 guidance that were below consensus and the firm’s previous view. The firm notes its multiple on Haleon is "slightly ahead" of Reckitt and Unilever (UL), which it views as appropriate given Haleon’s spot as "the only pure-play company exposed to consumer health’s profitable growth."

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