Negative effective of currency rates on company results fall in third quarter
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Colgate-Palmolive Company (CL) PT Lowered to $74 at B. Riley Following 4Q Report
January 30, 2017 9:47 AM ESTB. Riley lowered its price target on Colgate-Palmolive Company (NYSE: CL) to $74.00 (from $78.00) while maintaining a Neutral rating following the company's 4Q earnings report. Sales were -4.6% to $3,721MM, below consensus of $3,882MM.
Analyst Linda Weiser commented, "Colgate (CL) reported 4Q16 EPS of $0.75 vs. $0.73, in line with consensus and $0.01 below our estimate. Op. profit of $1,038MM... More
