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Fly News Breaks for January 8, 2019
CL
Jan 8, 2019 | 21:43 EDT
Goldman Sachs analyst Jason English upgraded Colgate-Palmolive to Buy and raised his price target for the shares to $74 from $63. The analyst expects a combination of accelerating organic sales and easing input cost pressures to drive higher profitability. Colgate-Palmolive's valuation will return to the historical premium "that it has enjoyed relative to the HPC sector once its organic sales re-accelerate," English tells investors in a research note. He sees 24% upside potential in the stock.
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