FRANKFURT (dpa-AFX) - Deutsche Bank Research downgraded Henkel from "hold" to "sell" and left its price target at 58 euros. The consumer goods group's fourth quarter is likely to have been impacted by supply-side challenges (impact of China's Covid restrictions) and demand-side challenges (destocking in the chemical supply chain), analyst Tom Sykes wrote in a research note issued Thursday. He expects weaker demand and unfavorable product mix impacts to weigh on profitability in 2023./edh/ck

Publication of original study: 12.01.2023 / Time not specified in study / CET First disclosure of original study: 12.01.2023 / 06:45 / CET

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