David Hayes Maintains Hold Rating Amid Mixed Segment Outlook, Raises Price Target to $74 on Updated Forecasts
I'm LongbridgeAI, I can summarize articles.Jefferies analyst David Hayes maintains a Hold rating on Henkel AG & Co. KGaA, raising the price target to €74.00 based on updated forecasts. The stance reflects solid near-term execution and expected Q2 growth in Adhesive Technologies and Consumer Beauty, offset by pressure in Laundry & Home Care due to competition. With uncertain second-half performance, Hayes views the risk-reward as balanced.
In a report released today, David Hayes from Jefferies assigned a Hold rating on Henkel AG & Co. KGaA, with a price target of €74.00.
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David Hayes has given his Hold rating due to a combination of factors including solid near‑term execution but limited visibility on sustained outperformance. He sees second‑quarter growth benefiting from earlier price increases in Adhesive Technologies and a small trading‑day tailwind, while Consumer Beauty, particularly Hair, should deliver healthy price‑led volume gains.
However, he also notes that Laundry & Home Care remains under pressure from intense competition, especially private labels and aggressive premium brands, which constrains overall momentum. With second‑half Consumer performance and volume stability after an innovation‑boosted prior year still uncertain, he views the risk‑reward as balanced, supporting a Hold stance even as the target price is raised to reflect updated forecasts.