Wells Fargo Maintains Equal-Weight on Colgate-Palmolive, Raises Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Chris Carey has maintained an Equal-Weight rating on Colgate-Palmolive (NYSE:CL) and increased the price target from $80 to $88. This adjustment reflects a positive outlook on the company's future performance.
January 29, 2024 | 2:41 pm
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POSITIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Colgate-Palmolive and raised the price target to $88, indicating a positive stance on the company's stock.
The increase in price target by a reputable analyst like Chris Carey can lead to a positive investor sentiment towards Colgate-Palmolive in the short term. The Equal-Weight rating suggests that the stock is adequately valued, but the raised target implies that there may be some upside potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100