Deutsche Bank Maintains Colgate-Palmolive Buy, Raises PT

Deutsche Bank maintained its Colgate-Palmolive (NYSE: CL) Buy rating and raised its Colgate-Palmolive price target from $92 to $98 in a research report published today.

In the report, Deutsche Bank states, "Colgate continues to leverage proven business model of reinvesting gross margin upside from myriad savings programs and oral care mix migration to fund innovation and marketing spending in a virtuous cycle. With competitive spending easing in high cost environment, we see little risk to earnings at a reasonable valuation."

Shares of Colgate-Palmolive closed Tuesday at $89.46, up 1.98% from Monday's market close.