Colgate-Palmolive price target raised to $105 from $95 at Stifel

Stifel raised the firm’s price target on Colgate-Palmolive (CL) to $105 from $95 and keeps a Buy rating on the shares. The modest premium the firm applies compared to Procter & Gamble (PG) shares reflects expectations for superior organic sales and volume growth and gross margin expansion over the next 2-3 quarters and reflects accelerating volume trends and solid contribution from pricing, particularly high inflation markets, like Argentina, and in pet nutrition, the analyst tells investors.