RBC Capital raised the firm’s price target on Colgate-Palmolive to $95 from $88 and keeps a Sector Perform rating on the shares after its Q1 earnings beat. The company saw an “impressive” print, displaying robust topline growth with upside coming from pricing and volume, the analyst tells investors in a research note. Colgate-Palmolive’s margin strength was driven by pricing/productivity and continues to enable the company with flexibility in profitability to reinvest so as to support its volume and share momentum, RBC added.
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