Wells Fargo Maintains Underweight on Colgate-Palmolive, Lowers Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Chris Carey has maintained an Underweight rating on Colgate-Palmolive and lowered the price target from $100 to $92.
October 28, 2024 | 4:10 pm
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Wells Fargo has maintained an Underweight rating on Colgate-Palmolive and reduced the price target from $100 to $92, indicating a bearish outlook.
The Underweight rating suggests that the analyst expects Colgate-Palmolive to underperform relative to other stocks. The reduction in the price target from $100 to $92 further indicates a negative outlook, which could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100