Canaccord Genuity Initiates Coverage on Colgate-Palmolive at “Sell” (CL)
Analysts at Canaccord Genuity started off consumer goods maker Colgate-Palmolive Company (CL) with a bearish rating on Thursday based on the company’s current share value.
The analysts give CL a “Sell” rating with a price target of $102, suggesting a 5.5% downside to Wednesday’s closing price of $107.90.
Colgate-Palmolive shares were up slightly during morning trading on Thursday. The stock is up about +18% over the past year.
The Bottom Line
Shares of Colgate-Palmolive (CL) have a dividend yield of 2.30% based on Thursday’s intraday trading price of $108.00 and the company’s annualized dividend payout of $2.48.
Colgate-Palmolive Company (CL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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