Wells Fargo Downgrades Colgate-Palmolive to Underweight, Announces $100 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Chris Carey has downgraded Colgate-Palmolive from Equal-Weight to Underweight, setting a price target of $100.
September 16, 2024 | 1:40 pm
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Wells Fargo has downgraded Colgate-Palmolive to Underweight, indicating a less favorable view on the stock. The new price target is set at $100.
The downgrade from Equal-Weight to Underweight by a major financial institution like Wells Fargo suggests a negative outlook on Colgate-Palmolive's stock. The $100 price target may lead to short-term selling pressure as investors adjust their positions based on this new information.
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