RBC Revises Henkel Price Target, Forecasts After Upgraded FY26 Organic Sales Growth Guidance

MT Newswires · 2d ago
11:25 AM EST, 11/11/2026 (MT Newswires) -- RBC Capital Markets updated its price target and forecasts for Henkel (HEN.F) following the German chemicals company's third-quarter trading statement and upgraded organic sales growth guidance for 2026. The group now expects organic sales growth to come in between 3% and 4% for the full year, up from the previous guidance of 1.5% to 3.5%, alongside higher organic sales growth expectations for its Adhesive Technologies and Consumer Brands business units, the research firm highlighted in a Wednesday note. Taking this into account, RBC raised the price target to 82 euros from 80 euros, while retaining the stock's sector perform rating. Revenue and adjusted EBIT estimates for 2026 through 2028 were also revised. "We believe there is evidence of ongoing momentum in the business: sequentially improving volumes, market share gains and innovation all make us more optimistic about Henkel's future. That said, we believe the shares already reflect this momentum and there is a lot more work to do," RBC said. "We've also been burnt before by false starts at Henkel, so tread cautiously."