UBS has given Henkel a "Neutral" rating with a price target of 89 euros. This decision was made after analyzing the quarterly figures of competitor HB Fuller.
According to analyst Guillaume Delmas, HB Fuller's sales did not meet expectations and were lower than the previous quarter's growth. This indicates that there are challenges in terms of volume growth in 2025. The decline in HB Fuller's sales was solely due to volume-related issues, which could have a negative impact on the sentiment towards Henkel shares.
The report also highlights the difficulties faced by the adhesives sector, suggesting that Henkel's performance in the near future may be affected by similar challenges.