Colgate-Palmolive price target raised to $96 from $91 at Barclays

Barclays raised the firm’s price target on Colgate-Palmolive to $96 from $91 and keeps an Equal Weight rating on the shares post the Q2 report. While organic sales beat elevated expectations, the stand-out figure this quarter was the 4.7% volume growth, particularly in a market that is prizing companies that can deliver any volume growth at all, the analyst tells investors in a research note. The firm believes Colgate’s Q2 results will prove best in class within staples.