(CercleFinance.com) – Colgate-Palmolive gains a little less than 1% in New York while Jefferies announced today that it is initiating monitoring of the stock with a ‘buy’ recommendation and a price target of 87 dollars, forecasting 16% of upside potential for the stock over the next 12 months, outperforming its peers.
‘Colgate’s geographic/category mix, margin recovery opportunities and RGM (revenue growth management) capabilities position the business to outperform,’ the broker believes.
‘A lagging stock (-5% year-to-date), robust revenue growth and easing macroeconomic pressures present an attractive opportunity,’ adds Jefferies.
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