JPMorgan Lifts Colgate Price Target to $96: Why Emerging Markets Are Powering the Defensive Trade

AI summary

Colgate-Palmolive (NYSE:CL) stock picked up a fresh price target raise from JPMorgan on Monday, May 4, with the firm lifting its target to $96 from $95 while maintaining its Overweight rating. The thesis is straightforward: a higher share of sales from faster-growing emerging markets positions Colgate to outperform consumer staples peers tilted toward developed markets. ... JPMorgan Lifts Colgate Price Target to $96: Why Emerging Markets Are Powering the Defensive Trade