Colgate-Palmolive price target lowered to $104 from $112 at Argus

‘Argus lowered the firm’s price target on Colgate-Palmolive (CL) to $104 from $112 but keeps a Buy rating on the shares. The firm has a favorable view of the company’s products with natural ingredients and of its new pet foods for younger pets and for older pets with kidney problems, while the stock’s post-earnings recent price weakness provides a buying opportunity, the analyst tells investors in a research note.