Goldman Sachs analyst Bonnie Herzog maintained a Buy rating on Colgate-Palmolive today and set a price target of $91.00. The company’s shares closed yesterday at $79.01.
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Herzog covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, Altria Group, and Molson Coors. According to TipRanks, Herzog has an average return of 4.6% and a 55.43% success rate on recommended stocks.
In addition to Goldman Sachs, Colgate-Palmolive also received a Buy from Morgan Stanley’s Dara Mohsenian in a report issued on September 25. However, yesterday, Barclays maintained a Hold rating on Colgate-Palmolive (NYSE: CL).
Based on Colgate-Palmolive’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.11 billion and a net profit of $743 million. In comparison, last year the company earned a revenue of $5.06 billion and had a net profit of $731 million
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