Jefferies upgrades Reckitt on growth visibility, shares up

Reckitt Benckiser

22/07/2026 09:23

** Analysts at brokerage Jefferies see strength in Dettol maker Reckitt RKT.L after several one-off events exerted pressure on shares 
** Jefferies says co's weak performance in early 2026 was largely caused by one-off events, such sanctions on Russia household products and regulatory changes in China on the intimate wellness segment, rather than deterioration in its core business
**  "The largest portion of the headwinds on initial FY26 expectations are one-off/external events, that have a 1-year transitory impact" - Jefferies says
** "The visibility on improving headline LFL into FY27 is strong here," brokerage adds 
** Shares up 0.7% at £49.75 after Jefferies upgrades rating to "Buy" from "Hold"
** Brokerage lifts target price to £59 from £56
** 15 of the 21 analysts covering the stock have a "buy" or higher rating, six have "hold"; median PT is £62 - LSEG data
** Stock down about 17% YTD

 (Reporting by Neeshita Beura in Bengaluru)
 ((Neeshita.Beura@thomsonreuters.com))