Analyst Coverage

Numerous German and international financial analysts monitor Henkel’s performance. The following list includes banks and securities companies that publish regular research reports on Henkel. This list does not claim to be exhaustive.

Institution

Name

BofA Securities

 Victoria Petrova

Barclays

Iain Simpson

Berenberg

Fulvio Cazzol

Bernstein

Bruno Monteyne

Citi

Cédric Besnard

Deutsche Bank

Tom Sykes

DZ Bank

Thomas Maul

Exane BNP Paribas

Mikheil Omanadze

Goldman Sachs

Olivier Nicolai

HSBC

Jeremy Fialko

Jefferies

David Hayes

J.P. Morgan

Celine Pannuti

KeplerCheuvreux

Christian Faitz

LBBW

Ulle Wörner

Metzler

Thomas Schulte-Vorwick

Morgan Stanley

Rashad Kawan

Oddo BHF

Pierre Tegner

RBC Capital Markets

James Edwardes Jones

Redburn

Chris Pitcher

Société Générale

Victoria Nice

Stifel

Rogerio Fujimori

UBS

Guillaume Delmas

Warburg

Jörg Philipp Frey


Disclaimer

The analyses prepared by the banks and securities companies listed above are not based on Henkel research and are completely outside the influence and control of Henkel AG & Co. KGaA.  These analyses solely reflect the opinions, estimates, forecasts or recommendations of the above-mentioned institutions, or those of their employees, relating to Henkel’s performance and capabilities, and do not represent the opinion, estimate, forecast or any form of recommendation of or by Henkel AG & Co. KGaA or its management.

The fact that Henkel AG & Co. KGaA makes reference to these institutions neither implies, nor should be inferred to signify, that Henkel AG & Co. KGaA or its management confirms or approves the content of the analyses prepared by these institutions or their employees. Henkel assumes no liability for the selection, validity, completeness or correctness of the listing or of the analyses prepared by the listed banks and securities companies. The listing has been provided solely for information only, without responsibility, and should not be regarded as soliciting or promoting the purchase, sale or holding of Henkel shares.

Abbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner, aka general partner), while the liability for such debts of the other partners participating in the sharebased capital stock is limited to their share capital (limited shareholders).

Financial Glossary Schließen

Analysts' Recommendations

Based on an internal database, we have assigned the recommendations indicated below to buy, hold and sell categories. This list does not claim to be exhaustive.

BuyAccumulate, Add, Buy, Outperform, Overweight, Recommended Stock
HoldEqual-Weight, Hold, In-Line, Market Performer, Neutral
SellReduce, Sell, Underperform

Disclaimer

The investment recommendations mentioned above are based not on research carried out by Henkel but rather on research, reports, recommendations or assessments of third parties, in particular equity analysts. These investment recommendations are completely outside the influence and control of Henkel AG & Co. KGaA. These investment recommendations solely reflect the opinions, estimates, forecasts or recommendations of third parties relating to Henkel’s performance and capabilities, and do not represent the opinion, estimate, forecast or any form of recommendation of or by Henkel AG & Co. KGaA or its management.

The fact that Henkel AG & Co. KGaA makes reference to these investment recommendations neither implies, nor should be inferred to signify, that Henkel AG & Co. KGaA or its management confirms or approves said investment recommendations. Henkel assumes no liability for the selection, validity, completeness or correctness of the investment recommendations and estimates cited, nor does Henkel undertake to update or revise said investment recommendations. The listing has been provided solely for information only, without responsibility, and should not be regarded as soliciting or promoting the purchase, sale or holding of Henkel shares.