Bryan Garnier - Henkel AG Co. KGaA (HEN) HENKEL: Cutting our 2019 forecast for Adhesives | BUY | EUR127 vs. EUR131

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Bryan Garnier

Virginie Roumage

HENKEL: Cutting our 2019 forecast for Adhesives | BUY | EUR127 vs. EUR131

HENKEL - BUY | EUR127 vs. EUR131 (+30%)
Cutting our 2019 forecast for Adhesives

Adhesives: no improvement expected in the next quarter
Consumer: guidance at risk
Revising downwards our expectations for 2019
Valuation limiting pressure on the stock

21/12/2018 3 EN

Underlying

Henkel AG & Co. KGaA

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DE0006048408 Germany

Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Virginie Roumage

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