Colgate-Palmolive price target lowered to $77 from $80 at Barclays

Barclays analyst Lauren Lieberman lowered the firm’s price target on Colgate-Palmolive to $77 from $80 and keeps an Equal Weight rating on the shares. The analyst came away from Colgate’s Q4 results with "several questions," mostly around North America and gross margins. For a company that has a "focused portfolio" and is supposed to be a "recessionary beneficiary," things are beginning to feel a bit more complex, the analyst tells investors in a research note.