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CL

Colgate-Palmolive

$72.76

0.76 (1.06%)

08:44
11/29/17
11/29
08:44
11/29/17
08:44

Colgate-Palmolive downgraded to Sell, valuation full, says Societe Generale

As previously reported, Societe Generale downgraded Colgate-Palmolive to Sell from Hold and lowered its price target to $66 from $72. Analyst Iain Simpson expects Colgate's 2017 pre-tax profit to be below 2011 level, with earnings growth driven by lower tax rates and share repurchases. Simpson said Colgate's new focus on investing aggressively in both price and A&P is the right move, but believes consensus is underestimating how long it will take to yield positive results and how much it will cost. The analyst views valuation as full given weak earnings growth.

CL Colgate-Palmolive
$72.76

0.76 (1.06%)

10/11/17
RHCO
10/11/17
UPGRADE
RHCO
Buy
Colgate-Palmolive upgraded to Buy from Hold at SunTrust
10/11/17
RHCO
10/11/17
UPGRADE
Target $85
RHCO
Buy
Colgate-Palmolive upgraded to Buy at SunTrust
As previously noted, SunTrust analyst William Chappell upgraded Colgate-Palmolive to Buy from Hold and raised his price target on the stock to $85 from $65. Chappell says the recent three consecutive quarters of weak results is an "anomaly" given the company's long term track record of consistent mid-single-digit or higher organic growth. The analyst also points to reacceleration in the emerging market middle class growth and favorable foreign exchange conditions for the first time in years.
10/11/17
10/11/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Johnson & Johnson (JNJ) upgraded to Buy from Hold at Jefferies with analyst Jeffrey Holford saying J&J's Pharma division is "under-modeled" by analysts and will drive above-consensus revenue and earnings growth. 2. Visa (V) and MasterCard (MA) were upgraded to Outperform from Market Perform at Wells Fargo. 3. Colgate-Palmolive (CL) upgraded to Buy from Hold at SunTrust with analyst William Chappell saying the recent three consecutive quarters of weak results is an "anomaly" given the company's long term track record of consistent mid-single-digit or higher organic growth. 4. AbbVie (ABBV) upgraded to Outperform from Market Perform at Cowen with analyst Steve Scala saying AbbVie "showed the best" of all the companies at Cowen's Annual Therapeutics Conference last week. 5. PayPal (PYPL) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst James Faucette calling it among the few large companies that can deliver high-teens revenue and 20% EPS growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/29/17
SOCG
11/29/17
DOWNGRADE
SOCG
Sell
Colgate-Palmolive downgraded to Sell from Hold at Societe Generale

TODAY'S FREE FLY STORIES

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RIOT

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FDC

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0.175 (1.07%)

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WLL

Whiting Petroleum

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-1.2431 (-4.86%)

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  • 12

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EPAY

Bottomline Technologies

$33.86

0.08 (0.24%)

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  • 13

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SPX

S&P 500

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12:50
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Senator Rand Paul tweet »

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SPX

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IBM

IBM

$157.33

1.92 (1.24%)

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  • 12

    Dec

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KMT

Kennametal

$47.39

1.43 (3.11%)

12:20
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  • 12

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KMX

CarMax

$67.59

-0.38 (-0.56%)

12:20
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  • 21

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KMT

Kennametal

$47.38

1.415 (3.08%)

12:18
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  • 12

    Dec

$NSD

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$NYE

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FNF

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VLKAY

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AKS

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CMCSA

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