Barclays analyst Lauren Lieberman raised the firm’s price target on Colgate-Palmolive to $81 from $77 and keeps an Equal Weight rating on the shares. The analyst believes Colgate’s Q2 results on paper were solid, but says the conference call “felt at odds with what was reported.”
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Read More on CL:
- Colgate-Palmolive price target raised to $91 from $88 at Deutsche Bank
- Colgate-Palmolive ‘well positioned’ to drive top, bottom line growth in 2H23
- Colgate-Palmolive raises FY23 net sales growth view to 5%-8% from 3%-6%
- Colgate-Palmolive reports Q2 gross profit margin 57.8%
- Colgate-Palmolive sees FY23 revenue growth 5%-8%, consensus $19.2B