1007 GMT - Reckitt Benckiser's valuation seems undemanding at first look but the stock is expected to face minimal earnings per share growth until 2027 due to its reshaping of its portfolio, Barclays analysts say after downgrading the stock to equal weight from overweight. The U.K. consumer-goods company's plans to slim down the business makes sense, and the plan to return excess proceeds reflects a clear commitment to shareholder value, they say in a note. Looking ahead, the company's performance in 2027 could be in line with main peers, but Reckitt faces greater execution risks due to its portfolio transformation, they add. Shares are down 1.1% at 52.46 pounds. (michael.susin@wsj.com)
(END) Dow Jones Newswires
February 04, 2025 05:08 ET (10:08 GMT)
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