J.P. Morgan upgrades UK's Reckitt to 'overweight', shares rise

Reckitt Benckiser

01/09/2026 08:24

** Shares of Dettol maker Reckitt RKT.L rise 5.5% to 5,416 pence
** J.P. Morgan ups stock rating to "overweight" from "neutral"; raises PT to 6,500p from 5,800p, which represents a 26.6% upside to the stock's last close on Friday
** Brokerage says with the Essential Home disposal now reflected in expectations, focus should shift to the value of co's core business and the outlook for its infant nutrition unit, Mead Johnson
** 2026 profits were hurt by Essential Home separation costs, but cost savings and price increases should support margin improvement in 2027 despite some input cost pressure, adds J.P. Morgan
** Twenty-one analysts rate stock "buy" on average; median PT is 6,200p - data compiled by LSEG
** Up to last day's close, the stock had fallen 14.6% YTD 

 (Reporting by Akriti Shah in Bengaluru)
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