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Colgate-Palmolive (NYSE:CL) Rating Increased to Buy at Rothschild & Co Redburn
Rothschild & Co Redburn has upgraded Colgate-Palmolive (NYSE:CL) from a “hold” to a “buy” rating, increasing its price target to $100.00, suggesting a potential 22.04% upside. The consumer staples company also recently reported strong quarterly earnings, surpassing analyst estimates. Despite significant insider selling over the past three months, institutional ownership remains high, with major new stakes from funds like Norges Bank and Northwestern Mutual Wealth Management Co.