Colgate-Palmolive (CL) Tops Q4 EPS by 1c, Comments on Outlook

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Colgate-Palmolive Company (CL) PT Lowered to $57 at Macquarie

January 29, 2019 6:52 AM EST

Macquarie analyst Caroline Levy lowered the price target on Colgate-Palmolive Company (NYSE: CL) to $57.00 (from $60.00) while maintaining a Neutral rating. Macquarie cut 2019 EPS estimates to $2.84, 2020 to $3.00 and 2021 to $3.20 (from $2.95, $3.13 and $3.33), for lower ebit margin outlook.

Levy remains cautious on the outlook for the... More