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Sept. 20, 2021, 5:46 a.m. EDT

Colgate-Palmolive lifted to buy at Deutsche Bank

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By Steve Goldstein
CL PG

Colgate-Palmolive /zigman2/quotes/200774077/composite CL +1.04% was upgraded to buy from hold at Deutsche Bank, which lifted its price target to $86 from $84. Analyst Steve Powers said the company has worked over the last three years to instill a growth mindset that's being overlooked by the market. The analyst added the recent stock performance differentials between itself and peers -- notably Procter & Gamble /zigman2/quotes/202894679/composite PG +0.39% -- are too severe.

/zigman2/quotes/200774077/composite
US : U.S.: NYSE
$ 75.10
+0.77 +1.04%
Volume: 5.32M
Oct. 20, 2021 4:00p
P/E Ratio
23.53
Dividend Yield
2.40%
Market Cap
$63.08 billion
Rev. per Employee
$481,608
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/zigman2/quotes/202894679/composite
US : U.S.: NYSE
$ 141.21
+0.55 +0.39%
Volume: 7.35M
Oct. 20, 2021 4:02p
P/E Ratio
25.81
Dividend Yield
2.46%
Market Cap
$340.39 billion
Rev. per Employee
$753,644
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