(News Bulletin 247) – Bernstein raised his opinion on L’Oréal on Tuesday, raised from ‘performance in line with the market’ to ‘outperformance’ with a price target raised from 425 to 440 euros.
In a comprehensive study of Europe’s food and consumer goods sectors, Bernstein analysts believe that the French cosmetics giant is, along with Lindt, one of the best positioned players to face the challenges ahead. .
In particular, they highlight the group’s presence in buoyant segments, the solidity of its brands and limited – or even non-existent – exposure to currency effects.
The design office also welcomes a growth that tends to diversify, the French group having the possibility of allocating its advertising and promotional expenditure to the regions, products and ranges showing the most potential, a quality that Bernstein considers today. poorly valued by the market today.
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