Henkel has been given a "Neutral" rating by UBS, with a price target of 89 euros.
This rating and target were set after analyzing the quarterly results of HB Fuller, a competitor of Henkel.
The sales of HB Fuller did not meet expectations and were lower than the previous quarter's growth, indicating a challenging environment for volume growth in 2025.
The decline in HB Fuller's sales was solely due to volume issues, which could have a negative impact on the sentiment towards Henkel shares.
The report also highlights the difficulties faced by the adhesives market, suggesting that these challenges may also affect Henkel's performance in the future.