Seeking Alpha

Canaccord upgrades Colgate-Palmolive on upbeat EM performance

  • Unilever's (UL) growth in emerging markets may have slipped in Q3, but Colgate-Palmolive (CL) turned in another quarter of "robust" numbers, as EM organic sales rose 9.5%.
  • Canaccord's Eddy Hargreaves is impressed, noting this quarter's growth "followed 9.5% in Q1 and 8.5% in Q2."
  • CL upgraded to Hold from Sell.
  • Price target hiked to $58 from $52.
  • More on CL's quarter: CC transcript
Comments (1)
  • rich06969
    , contributor
    Comments (134) | Send Message
    I guess I should go short seeing the price currently is at 63.60
    26 Oct 2013, 05:18 PM Reply Like
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