JP Morgan Cazenove Maintains Underweight Rating on Haleon (HLNCF)

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Nov 02 2025

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Source: NASDAQ.COM

JP Morgan Cazenove's Recommendation: On October 31, 2025, JP Morgan Cazenove reiterated an Underweight recommendation for Haleon (OTCPK:HLNCF), with an average one-year price target of $5.71/share, indicating a potential upside of 35.70% from its closing price of $4.21/share.
Projected Revenue and EPS: Haleon's projected annual revenue is estimated at $12,512 million, reflecting a 13.55% increase, with a projected non-GAAP EPS of 0.22.
Fund Sentiment and Ownership Changes: There are currently 393 funds reporting positions in Haleon, with a slight decrease in ownership by 0.25% over the last quarter, while total shares owned by institutions increased by 3.50% to 2,123,295K shares.
Notable Shareholder Activity: The Vanguard Wellington Fund increased its holdings in Haleon by 20.01%, while the Vanguard Total International Stock Index Fund decreased its allocation by 10.07%, indicating varied strategies among institutional investors.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.