JPMorgan analyst Andrea Teixeira raised the firm’s price target on Colgate-Palmolive to $88 from $83 and keeps an Overweight rating on the shares after meeting with management. The analyst came away even more confident that Colgate is on the right track to either meet or exceed the firm’s estimates. JPMorgan says the company continues its virtuous cycle of organic sales growth acceleration, volume recovery and acceleration in gross margin improvement.
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