The Asaleo Care Ltd (ASX: AHY) share price was certainly one of the stand out performers on Friday.
The shares of the personal care and hygiene company rocketed 10% to $1.60 a day after the release of its half-year results.
What happened?
This morning a research note out of Credit Suisse revealed that its analysts have upgraded Asaleo Care's shares to an outperform rating with a $1.70 price target.
According to the note, its analysts believe that the solid first-half result has put the company on track to deliver on its full-year guidance.
Furthermore, the broker appears to be pleased with the way the company is diversifying its revenue stream and becoming less reliant on its two largest customers.
Should you invest?
As I said yesterday, whilst I think the company had a strong first-half and that its shares are relatively cheap, I would suggest investors hold off an investment until it provides an update on its second-half further down the line.
If the business is still performing well at that point, then it could be worth considering an investment. But until then I would suggest investors look at gaining exposure to the industry through Woolworths Limited (ASX: WOW) and Wesfarmers Ltd (ASX: WES).
