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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 -0.46% 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 +0.26% -- are too severe.

/zigman2/quotes/200774077/composite
US : U.S.: NYSE
$ 76.25
-0.35 -0.46%
Volume: 4.08M
Oct. 15, 2021 4:00p
P/E Ratio
23.89
Dividend Yield
2.36%
Market Cap
$64.32 billion
Rev. per Employee
$481,608
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/zigman2/quotes/202894679/composite
US : U.S.: NYSE
$ 144.42
+0.37 +0.26%
Volume: 6.92M
Oct. 15, 2021 4:02p
P/E Ratio
26.29
Dividend Yield
2.41%
Market Cap
$350.70 billion
Rev. per Employee
$753,644
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