By Chris Bailey | Tuesday 20 October 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Back in July I loved up the health and hygiene giant Reckitt Benckiser (RB.) and noted ‘my target remains over £80 a share’. Well – let’s face it – it was not too difficult to be optimistic about a company during the time of a huge healthcare concern whose brands include Dettol, Vanish, Air Wick and Harpic…even before you consider Finish, Durex, Gaviscon and Strepsils. You get the gist: Reckitt is a consumer staples giant well-attuned to today’s backdrop. And you can see this in today’s third quarter update…
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