Citi raised the firm’s price target on Colgate-Palmolive to $100 from $95 and keeps a Buy rating on the shares as part of a Q1 earnings preview for the beverages and household and personal care group. The firm sees another quarter of gross margin upside but believes the market will not reward earnings beats on margins without solid sales and volume trends.
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Read More on CL:
- Colgate-Palmolive price target raised to $84 from $82 at Barclays
- Colgate-Palmolive price target raised to $94 from $89 at Stifel
- Colgate-Palmolive price target raised to $96 from $90 at Evercore ISI
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