RBC Revises Haleon Model After H1 Results; Sector Perform Rating Maintained

02:52 AM EDT, 08/11/2026 (MT Newswires) -- RBC Capital Markets updated its price target and earnings forecasts for Haleon (HLN.L) as part of a model update following the British consumer healthcare company's first-half earnings report. "We now forecast +3.6% organic revenue growth for FY2026, within the lower end of the guided range +3-5%. We remain confident in Haleon's EBIT margin development, based on the progress of its productivity [program] and higher investment in systems and automation. We forecast +10% adjusted EBIT growth on a constant currency basis this year (versus guidance for high-single-digit growth)," analysts wrote in a Monday note. For the six months ended June 30, Haleon reported a 2.2% year-on-year increase in revenue to 5.60 billion pounds sterling, while its operating profit declined 2.6% to 1.17 billion pounds. On the other hand, its adjusted operating profit climbed 8.2% at constant currency to 1.36 billion pounds. The research firm also lifted its price target to 3.90 pounds from 3.70 pounds and reiterated its sector perform rating on the stock.