Stifel Upgrades Colgate-Palmolive to Buy, Lowers Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Mark Astrachan has upgraded Colgate-Palmolive (NYSE:CL) from Hold to Buy, but lowered the price target from $85 to $81.
October 16, 2023 | 10:21 am
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Colgate-Palmolive has been upgraded to Buy from Hold by Stifel, although the price target has been lowered from $85 to $81.
The upgrade to Buy indicates a positive outlook for Colgate-Palmolive's stock. However, the lowering of the price target may suggest that while the stock is expected to perform well, it might not reach the previous target of $85. This could lead to a mixed reaction in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100