Metzler Updates Model for Henkel Post-Q3 Results; Forecasts, Price Target Raised

MT Newswires · 2d ago
10:54 AM EST, 11/11/2026 (MT Newswires) -- Metzler Capital Markets updated its model for Henkel (HEN.F) following the German chemicals company's third-quarter financial results. "Commentary on the call was encouraging, highlighting robust underlying momentum entering Q4 and no reversal in pre-buying QTD. However, management advised caution against using the H2 26 exit rate to project FY27 top-line performance for the Group or individual business units," analysts wrote in a Wednesday note. "Overall, ongoing cost inflation necessitates upward pricing adjustments to safeguard margins. Simultaneously, the critical litmus test for investors will be Henkel's ability to defend volumes, which remains essential to support the current valuation multiple." Against this backdrop, the research firm raised its sales, adjusted EBIT and adjusted EPS forecasts by between 1% and 2% over the 2026 to 2028 period. Metzler also increased the price target to 84 euros from 74 euros, as it rolled forward its discounted cash flow valuation by one year to December 2028, while maintaining the hold rating on the stock.