Broker snap: Emerging markets to boost Reckitt Benckiser, JPM says
Free email from MoneyWeek
Money
Morning is the FREE daily email from MoneyWeek – a punchy round-up
of the latest investment news and profit opportunities. DON’T MISS
IT!
This genius investor does dizzying levels of research to uncover...Half Price Shares!
JP Morgan has lifted its price target on Reckitt Benckiser to 3,400p from 3,150p, citing the potential of emerging markets to fuel the household products group's growth.
It said its 'forensic analysis' showed that 'improvement in emerging markets margin should sustain a strong delivery in the core household segment'.
(Article continues below)Advertisement
Despite input costs inflation remaining a strong concern, JPM still expects increased margins in 2008, it said. It maintains its 'overweight' rating on the company.
FREE! For all our latest advice on making profitable investments, claim your 3-week FREE trial of the MoneyWeek website and magazine now.
Money Morning is the FREE daily email from MoneyWeek
– a punchy round-up of the latest investment news and profit opportunities.
DON’T MISS IT!
