“Reckitt Benckiser (LSE: RB) was among the beneficiaries on speculation that it might become a target for Pfizer,” a broker wrote this week - adding that Pfizer had reportedly been investigating a break-up of the business.
Reckitt Benckiser Group Plc logo Reckitt Benckiser Group Plc (LON:RB) had its price target lifted by Goldman Sachs from GBX 6,170 ($93.33) to GBX 6,345 ($95.98) in a research report report published on Thursday, MarketBeat Ratings reports.
The economic turbulence being witnessed in China has rocked demand for household goods leviathan Reckitt Benckiser (LSE: RB) in recent weeks - the firm has shed 6% of its value during the past month as a result.
Household goods giant Reckitt Benckiser Group (LSE: RB) has heroic potential despite being overshadowed by rival Unilever. It has showed its defensive powers this year, rising almost 12% against a 10% drop on the FTSE 100 as a whole.