Loading...
Loading...
Credit Suisse maintains its Neutral rating on Colagete-Palmolive
CL and raises its price target by $10 to $90 a share on solid fourth quarter earning.
Credit Suisse says, "Colgate reported solid Q4 earnings and provided a fairly optimistic (although less transparent) outlook for 2012. EPS of $1.30 was in line with consensus and our estimate of $1.30. Organic sales grew a robust 6%, as price increases instituted this summer appear to have largely been accepted by consumers at this point. Cost control was also another bright spot, as SG&A rose only 5% versus our estimate of HSD growth."
CL closed at $91.35 a share yesterday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in