BofA analyst Bryan Spillane raised the firm’s price target on Colgate-Palmolive to $100 from $90 and keeps a Buy rating on the shares after a “stellar Q1” that featured the company starting 2024 with better pricing and resilient volume. Following the report, the firm raised its FY24 organic sales growth estimate to 6.5% from 4.5%, mostly on higher pricing to offset incremental forex impact, with net sales largely unchanged.
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