NEW YORK (dpa-AFX Broker) - Analysts Jefferies left Henkel at "hold" with a price target of 70 euros in an initial outlook for its annual results expected on March 7. Analyst Martin Deboo lowered his margin estimates for this year for the consumer goods and adhesives maker in a report available Monday. He pointed to China and Henkel's adhesives business, on the one hand, as the temporary Covid-related closure of Foxconn's Zhengzou plant had significantly impacted iPhone production. On the other hand, he noted that consumers in the consumer sector were increasingly turning to cheaper products./ck/tih

Original study publication date: 08.01.2023 / 17:43 / ET

First disclosure of original study: 08.01.2023 / 19:00 / ET

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