Jefferies removed Colgate-Palmolive (CL) from the firm’s Franchise Picks List with the addition of PepsiCo (PEP). The firm still likes Colgate’s business, but notes the shares are up 26% in the last six months. It thinks PepsiCo shares now offer greater upside.
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Read More on CL:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- PepsiCo upgraded to Overweight from Equal Weight at Morgan Stanley
- Colgate-Palmolive raises quarterly dividend to 50c per share from 48c
- Colgate-Palmolive asumed with a Buy at Goldman Sachs
- Colgate-Palmolive price target raised to $95 from $91 at Raymond James