Wells Fargo analyst Chris Carey raised the firm’s price target on Colgate-Palmolive to $81 from $76 and keeps an Equal Weight rating on the shares. After a surprising Q4 2022 with margin miss, the opportunity for Colgate-Palmolive was to get back on track, deliver against expectations, re-calibrating comfort levels on fundamentals, while leaving upside on the table, Wells says. The firm thinks Q1 did just that.
Published first on TheFly
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