Colgate-Palmolive price target raised to $83 from $82 at RBC Capital

RBC Capital analyst Nik Modi raised the firm’s price target on Colgate-Palmolive to $83 from $82 and keeps a Sector Perform rating on the shares. The company’s Q1 results were "strong", with international business more than offsetting modestly softer North America trends, and top- and bottom-line guidance raised for the year, the analyst tells investors in a research note. The sequentially improving volumes in every segment ex North America are also encouraging in returning to more normalized organic composition, RBC added.