Barclays raised the firm’s price target on Colgate-Palmolive (CL) to $89 from $83 and keeps an Equal Weight rating on the shares. Ahead of Q1 earnings, the firm revisited estimates across beverages and consumer products to account for slower consumer demand in the U.S. among other headwinds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CL:
- Colgate-Palmolive raises quarterly dividend to 52c from 50c per share
- Colgate-Palmolive announces new $5B share repurchase plan
- Citi Cheers Samuel Adams Parent Boston Beer Stock (NYSE:SAM) Ahead of Sun Cruiser Launch
- Citi names Keurig Dr Pepper top pick in beverages, personal care
- Colgate-Palmolive price target raised to $99 from $97 at JPMorgan