B of A Securities Upgrades Colgate-Palmolive to Buy, Announces $90 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Bryan Spillane has upgraded Colgate-Palmolive (NYSE:CL) from Neutral to Buy and set a price target of $90.
December 15, 2023 | 12:11 pm
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POSITIVE IMPACT
Colgate-Palmolive was upgraded by B of A Securities from Neutral to Buy with a new price target of $90.
Analyst upgrades typically lead to a positive short term reaction in the stock price as market sentiment improves. The new price target of $90 suggests a bullish outlook on the stock, which may influence investors to adjust their positions accordingly.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100