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Fly News Breaks for June 11, 2015
CL
Jun 11, 2015 | 06:55 EDT
Morgan Stanley downgraded Colgate-Palmolive to Equal Weight from Overweight. The firm said valuation now reflects the company's superior fundamentals and leaves limited room for additional upside. Morgan Stanley lowered its price target on shares to $72 from $76 to reflect unfavorable currency pressures and the difficult competitive environment.