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Fly News Breaks for February 3, 2020
Feb 3, 2020 | 06:36 EDT
RBC Capital analyst Nik Modi upgraded Colgate-Palmolive to Outperform from Sector Perform with a $91 price target, up from $69. In a research note to investors, Modi says he believes Colgate-Palmolive shares are poised to outpace the returns of its mega cap peers following a sustained period of under-performance, and says its guidance is both achievable and beatable. Modi adds that shares are under-owned by institutional investors and says the company is poised to benefit from the growing popularity of ESG investing.
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