Deutsche Bank raised the firm’s price target on Colgate-Palmolive to $91 from $88 and keeps a Buy rating on the shares. The analyst is a buyer of the stock post the earnings weakness. The quarter showed legitimate progress in Colgate’s operations and above-the-line earnings delivery and from here, the stock sets up well, the analyst tells investors in a research note.
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- Colgate-Palmolive ‘well positioned’ to drive top, bottom line growth in 2H23
- Colgate-Palmolive raises FY23 net sales growth view to 5%-8% from 3%-6%
- Colgate-Palmolive reports Q2 gross profit margin 57.8%
- Colgate-Palmolive sees FY23 revenue growth 5%-8%, consensus $19.2B
- Colgate-Palmolive reports Q2 base EPS 77c, consensus 75c