Report
Fabian Semon ...
  • Pierre Tegner

Henkel : Fusion du home care et du personal care : une bonne solution opérationnelle pour un choix stratégique discutable

>Le choix de la dispersion : Neutre vs Surperformance - Recommandation abaissée de Surperformance à Neutre. La sous-performance du titre amplifiée par la forte réaction de vendredi (-10% vs -6% à l’ouverture) limite a priori le potentiel de baisse. Il est néanmoins probable que la baisse du titre de vendredi ne soit pas suffisante pour neutraliser le PE 2022 dès lors que la révision des attentes du consensus en termes de BPA (suite au warning de vendredi) pourrait êtr...
Underlying
Henkel AG & Co. KGaA Pref

Henkel business comprised of Laundry & Home Care, Beauty Care, and Adhesive Technologies. Co.'s Laundry & Home Care business unit include laundry and home care Branded Consumer Goods business. The Laundry Care business includes heavy-duty and specialty detergents, fabric softeners, laundry performance enhancers, and other fabric care products. Co.'s Beauty Care business unit is active in the Branded Consumer Goods business with Hair Cosmetics, Body Care, Skin Care, Oral Care, and professional Hair Salon business. Co.'s Adhesive Technologies business unit provides solutions with adhesives, sealants and functional coatings in two business areas: Industry; and Consumer, Craftsmen and Building.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Fabian Semon

Pierre Tegner

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