Deutsche Bank Downgrades Colgate-Palmolive to Hold, Raises Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has downgraded Colgate-Palmolive from Buy to Hold, while slightly raising the price target from $107 to $109.
September 09, 2024 | 12:06 pm
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NEUTRAL IMPACT
Deutsche Bank downgraded Colgate-Palmolive from Buy to Hold, indicating a more cautious outlook, but raised the price target to $109, suggesting some positive expectations.
The downgrade from Buy to Hold suggests a less optimistic view on Colgate-Palmolive's short-term performance, which could lead to a neutral impact on the stock price. However, the raised price target to $109 indicates some underlying positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100