Morgan Stanley is adding Colgate-Palmolive back as the analyst’s Top Pick in household products, although adds “this is more semantics as it was our preferred HPC play previously, and had just been time-stopped out as our Top Pick in HPC previously.” The firm expects Colgate organic sales growth to be above peers, as well as consensus and market expectations, in the short-, medium- and long term, says the analyst, who maintains an Overweight rating and $103 price target on the shares.
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