Oppenheimer Maintains Perform Rating on Colgate-Palmolive

A report from Oppenheimer reiterates its Perform rating on Colgate-Palmolive (NYSE: CL).

The report states, “we believe the stock is already pricing in much of this, and so we are maintaining our Perform rating on the shares. We would look to get more constructive on a pullback or greater visibility into the company's cost savings opportunities next year, which could provide upside to our margin outlook."

CL closed yesterday at $91.33.