HSBC Initiates Coverage On Colgate-Palmolive with Buy Rating, Announces Price Target of $84
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Alejandro Zamacona has initiated coverage on Colgate-Palmolive (NYSE:CL) with a Buy rating and a price target of $84.
September 22, 2023 | 11:17 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
HSBC has initiated coverage on Colgate-Palmolive with a Buy rating and a price target of $84, which could potentially boost investor confidence and the stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. A Buy rating from a reputable institution like HSBC indicates a positive outlook for Colgate-Palmolive, which could lead to an increase in its stock price. The price target of $84 also suggests that HSBC believes the stock is undervalued at its current price, which could further boost investor confidence and demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100