Colgate-Palmolive Company (CL) Likely to Report ~In Line Ahead of Difficult Comps - RBC Capital

RBC Capital analyst Nik Modi reiterated a Sector Perform rating and $226.00 price target on Colgate-Palmolive Company (NYSE: CL) forecasting organic growth of +19.1% vs. consensus +20% and EPS of $1.76 vs. consensus $1.77.

The analayst stated "After conducting our channel checks, we believe organic growth of 20–24% is achievable. We believe the topline will remain strong in the upcoming quarter due to continued
delays in vaccination distribution and rising case counts. However, investor focus will likely remain on upcoming difficult comps and inflationary pressures."

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 $78.52 yesterday.

You May Also Be Interested In

• UPDATE: RBC Capital Starts The Duckhorn Portfolio, Inc. (NAPA) at Sector Perform
• flatexDEGIRO AG (FTKn:GR) (FNNTF) PT Raised to EUR100 at Goldman Sachs
• UPDATE: Goldman Sachs Downgrades Grupo Aeroportuario del Pacifico (PAC) to Neutral (correction)