KeyBanc Starts Colgate-Palmolive Company (CL) at Sector Weight

September 8, 2016 5:06 PM EDT
Get Alerts CL Hot Sheet
Price: $70.57 -0.97%

Rating Summary:
    8 Buy, 15 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 8
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KeyBanc initiated coverage on Colgate-Palmolive Company (NYSE: CL) with a Sector Weight rating. Analyst Jason Gere sees valuation as fair.

"CL’s track record of best-in-class and above-category organic growth trends from favorable LT geographic exposures, dominant market share positions and robust margin structure with further expansion opportunity can continue. Recent EM slowdown and competitive pressures, though, likely keep organic growth closer to the low end of the 4-7% range. Currently trading at a premium to historical averages and large-cap peers, valuation feels fair and multiple expansion feels difficult until growth reaccelerates, limiting the upside we need to see in shares to launch with a more positive view," said the analyst.

For an analyst ratings summary and ratings history on Colgate-Palmolive Company click here. For more ratings news on Colgate-Palmolive Company click here.

Shares of Colgate-Palmolive Company closed at $73.76 yesterday.

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