Global. JP Morgan Cazenove upgraded Reckitt Benckiser to over-weight, citing positive prospects. JP Morgan said they see a short-term relief potential to US$101.09Reckitt Benckiser Prospects Positive, Says JP Morgan -- Market Talk 22 noviembre 2017 04:40 Dow Jones Institutional News 1040 GMT - J.P Morgan Cazenove upgrades Reckitt Benckiser Group PLC to over-weight, citing positive prospects. The brokerage says that the consumer goods manufacturer's shares are now cheaper than peers and that they could rise as high as GBP90. "In other words we see the risk/reward skewed to the upside," J.P. Morgan says. Reckitt plans to split its business into two divisions, healthcare and home hygiene, prompting speculation that the latter may be sold. "While the top end of our valuation range is likely to be weighed on the progress of M&A/disposals on a 12-18 month basis, we see a short-term relief potential to GBP75," J.P. Morgan adds. Shares gain 2.1% to 6537 pence. (philip.waller@wsj.com) (END) Dow Jones Newswireshttp://hogar.intelect.com.mx/notes/global-jp-morgan-cazenove-upgraded-reckitt-benckiser-to-over-weight-citing-positive-prospects-jp-morgan-said-they-see-a-short-term-relief-potential-to-gbp75http://hogar.intelect.com.mx/@@site-logo/logoAllen.png
Global. JP Morgan Cazenove upgraded Reckitt Benckiser to over-weight, citing positive prospects. JP Morgan said they see a short-term relief potential to US$101.09
Reckitt Benckiser Prospects Positive, Says JP Morgan -- Market Talk 22 noviembre 2017 04:40 Dow Jones Institutional News 1040 GMT - J.P Morgan Cazenove upgrades Reckitt Benckiser Group PLC to over-weight, citing positive prospects. The brokerage says that the consumer goods manufacturer's shares are now cheaper than peers and that they could rise as high as GBP90. "In other words we see the risk/reward skewed to the upside," J.P. Morgan says. Reckitt plans to split its business into two divisions, healthcare and home hygiene, prompting speculation that the latter may be sold. "While the top end of our valuation range is likely to be weighed on the progress of M&A/disposals on a 12-18 month basis, we see a short-term relief potential to GBP75," J.P. Morgan adds. Shares gain 2.1% to 6537 pence. (philip.waller@wsj.com) (END) Dow Jones Newswires
Reckitt Benckiser Prospects Positive, Says JP Morgan -- Market Talk
22 noviembre 2017
04:40
Dow Jones Institutional News
1040 GMT - J.P Morgan Cazenove upgrades Reckitt Benckiser Group PLC to over-weight, citing positive prospects. The brokerage says that the consumer goods manufacturer's shares are now cheaper than peers and that they could rise as high as GBP90. "In other words we see the risk/reward skewed to the upside," J.P. Morgan says. Reckitt plans to split its business into two divisions, healthcare and home hygiene, prompting speculation that the latter may be sold. "While the top end of our valuation range is likely to be weighed on the progress of M&A/disposals on a 12-18 month basis, we see a short-term relief potential to GBP75," J.P. Morgan adds. Shares gain 2.1% to 6537 pence. (philip.waller@wsj.com)
