Colgate-Palmolive price target raised to $96 from $90 at Evercore ISI

Evercore ISI analyst Robert Ottenstein raised the firm’s price target on Colgate-Palmolive to $96 from $90 and keeps an Outperform rating on the shares. The firm, which notes that Household and Personal Care volumes turned positive in the U.S. for many categories and branded businesses, says it likes Colgate shares most heading into Q1 earnings. U.S. volumes inflected, broadening Colgate’s growth sources and “vouching its competitiveness in the world’s toughest market in Oral Care and Household Products,” the analyst tells investors in a preview note for the HPC group.