JP Morgan Maintains Overweight on Colgate-Palmolive, Raises Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira has maintained an Overweight rating on Colgate-Palmolive (NYSE:CL) and increased the price target from $83 to $88, indicating a positive outlook on the company's stock.
November 29, 2023 | 7:19 pm
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POSITIVE IMPACT
Colgate-Palmolive's stock may see a positive short term impact due to JP Morgan's Overweight rating and raised price target from $83 to $88.
Analyst ratings and price target adjustments by major financial institutions like JP Morgan can significantly influence investor sentiment and stock prices. The increase in price target suggests that JP Morgan has a favorable view of Colgate-Palmolive's future performance, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100