Credit Suisse Cuts Price Target On This Consumer Goods Giant- Read Why

Credit Suisse analyst Kaumil Gajrawala lowered the price target of Colgate-Palmolive Co CL to $90 from $95 and kept an Outperform rating on the shares, implying a 9.3% upside.
The move comes after the company delivered weaker-than-expected Q4 results, with the topline showing signs of slowdown and pricing falling short of commodity inflation.
The analyst notes that volume performance disappointed, with declines in most markets despite pricing staying flat sequentially.
Gajrawala thinks there is a risk to estimates amid challenges and uncertainties near-term.
Morgan Stanley analyst Dara Mohsenian maintained Colgate-Palmolive with an Equal-Weight and raised the price target from $90 to $91, suggesting a 10.5% upside.
Price Action: CL shares traded lower by 0.81% at $82.38 on the last check Monday.

Momentum31.90

Growth74.29

Quality51.59

Value23.71

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