Colgate-Palmolive Co

NYSE:CLUnited States

Oct 28, 2024

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• DJ Colgate-Palmolive Is Maintained at Underweight by Wells Fargo, from 12:06PM ET on Monday Oct 28, 2024 by Dow Jones

  12:06PM ET on Monday Oct 28, 2024 by Dow Jones
  Companies Mentioned: CL
  
  Ratings actions from Benzinga: https://www.benzinga.com/quote/CL/analyst-ratings
  
  (END) Dow Jones Newswires
  
  October 28, 2024 12:06 ET (16:06 GMT)
  

• DJ Colgate's Sales Growth Potential Offset by Challenging Comps -- Market Talk, from 11:54AM ET on Monday Oct 28, 2024 by Dow Jones

  11:54AM ET on Monday Oct 28, 2024 by Dow Jones
  Companies Mentioned: CL
  
  1154 ET - Colgate-Palmolive is one of the best-performing large-caps consumer staples companies, but comparisons are increasingly challenging, Stifel analysts say in a research note. The consumer goods company should see organic sales growth slow from high-single digits in recent years, to growth in the range of 4% to 5% over the next four quarters, the analysts say. "As a result, Colgate's valuation is unlikely to re-rate higher from current levels, despite our view that continued gross margin expansion should contribute to modest EPS leverage." Stifel downgrades its recommendation to hold from buy and reduces its target price to $101 from $105. Shares rise 0.8% to $96.39.(sabela.ojea@wsj.com; @sabelaojeaguix)