Jefferies analyst Kaumil Gajrawala initiated coverage of Colgate-Palmolive with a Buy rating and $87 price target. The analyst sees 16% upside in Colgate shares in the next 12 months, outpacing peers. Colgate has reinvigorated brands and retooled capabilities, and its margin recovery opportunity set the business up to outperform, the analyst tells investors in a research note.
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