Wells Fargo Reaffirms Their Hold Rating on Colgate-Palmolive (CL)

By Carrie Williams

In a report released today, Bonnie Herzog from Wells Fargo maintained a Hold rating on Colgate-Palmolive (CLResearch Report), with a price target of $68. The company’s shares opened today at $73.35, close to its 52-week high of $74.14.

Herzog said:

“We are raising our price target by $3 to $68 to reflect CL’s fundamental progress to date, but maintain our Market Perform rating largely on valuation.”

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 4.0% and a 62.3% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, The Estée Lauder Companies Inc, and Constellation Brands Inc.

Colgate-Palmolive has an analyst consensus of Moderate Buy, with a price target consensus of $71.50.

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The company has a one-year high of $74.14 and a one-year low of $57.41. Currently, Colgate-Palmolive has an average volume of 3.14M.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is neutral on the stock.

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Colgate-Palmolive Co. is engaged in the manufacturing and distribution of consumer products. It operates through Oral, Personal and Home Care; and Pet Nutrition segments.