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Canaccord upgrades Colgate-Palmolive on upbeat EM performance

Oct. 26, 2013 12:48 PM ETUnilever PLC (UL) StockCL, ULBy: Colin Lokey, SA News Editor1 Comment
  • Unilever's (NYSE:UL) growth in emerging markets may have slipped in Q3, but Colgate-Palmolive (NYSE: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

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