Morgan Stanley analyst Sarah Simon downgraded Reckitt Benckiser to Equal Weight from Overweight with a price target of 6,000 GBp, down from 6,700 GBp. The firm says amid increasing uncertainty as to the state of the consumer, it is refocusing its household and personal care stock picks on those companies “where we have visibility on growth and margin, pivoting away from ‘show-me’ turnarounds.” With the buyback announced, the analyst thinks the good news is already out on Reckitt.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on RBGLY:
- Reckitt Benckiser price target lowered to 7,500 GBp at RBC Capital
- Reckitt Benckiser downgraded to Hold from Buy at Berenberg
- Reckitt Benckiser price target raised to 7,700 GBp from 7,500 GBp at UBS
- Reckitt Benckiser price target lowered to 7,100 GBp from 7,400 GBp at Barclays
- Reckitt Benckiser downgraded to Hold from Buy at HSBC