By Chris Bailey | Monday 7 June 2021
Disclosure: I own shares in one or more of the stocks mentioned. 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 late April I observed that the multinational consumer goods company Reckitt (RKT) saw ‘raised hygiene habits’ and hence had ‘confidence in long term growth’. This helped keep me positive about the share with a seventy-five quid share price target, equivalent to a fifteen percent share price appreciation potential even before you factor in a solid dividend yield. So what to make of today’s announcement that the company is to ‘sell its infant formula business in China for US$2.2 billion’?
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