Colgate-Palmolive Receives Outperform Rating from Royal Bank Of Canada

Colgate-Palmolive's (CL) stock received an 'outperform' rating from Royal Bank Of Canada, which reaffirmed their stance in a report issued on Tuesday. The bank set a price target of $104.00 for the company, indicating a potential upside of 17.60% from its current price.

Other analysts have also weighed in on Colgate-Palmolive's stock. Citigroup boosted their price target to $110.00 and gave the company a 'buy' rating. Barclays increased their price objective to $87.00, but only assigned an 'equal weight' rating to the stock.

UBS Group lifted their target price to $109.00 and also gave Colgate-Palmolive a 'buy' rating. Piper Sandler boosted their target price to $96.00 and gave the company an 'overweight' rating, while Morgan Stanley restated their 'overweight' rating with a price target of $104.00.

Of the 19 analysts covering Colgate-Palmolive, 12 have assigned a 'buy' rating and seven have given it a 'hold' rating. The company's average rating is a 'moderate buy', with an average target price of $99.00.