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Colgate-Palmolive (CL) has the potential to grow above long-term targets - BofA

December 15, 2023 8:27 AM EST

Colgate-Palmolive (NYSE: CL) shares are up almost 1% premarket after BofA upgraded the stock to Buy from Neutral, raising the price target from $75 to $90 per share.

Analyst Bryan Spillane told clients in a research note that the company's sales ad margin inflection should reassure... More