JPMorgan downgraded Reckitt Benckiser to Neutral from Overweight with a 6,000 GBp price target. The firm cites “disappointing momentum” in the core business for the downgrade and says the company’s plans to deliver on a sum of the parts through the sale of non core assets will take time and has an uncertain outcome on value realization.
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>>
Read More on RBGLY:
- Reckitt Benckiser price target lowered to 4,500 GBp at Morgan Stanley
- Reckitt Benckiser price target lowered to 6,000 GBp from 6,500 GBp at JPMorgan
- Reckitt Benckiser price target raised to 5,815 GBp from 5,800 GBp at Barclays
- Reckitt Benckiser price target raised to 5,200 GBp from 5,100 GBp at Berenberg
- Reckitt Benckiser Group (RBGLY) Announces Q3 Dividend: Read On for Important Dates