JP Morgan Maintains Overweight on Colgate-Palmolive, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains an Overweight rating on Colgate-Palmolive (NYSE:CL) and has increased the price target from $88 to $90.
January 18, 2024 | 7:30 pm
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JP Morgan analyst Andrea Teixeira reaffirms an Overweight rating on Colgate-Palmolive and raises the price target to $90, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Andrea Teixeira from JP Morgan typically signals a bullish outlook on the stock, suggesting that the analyst believes the stock has the potential to rise to the new target price. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100