Goldman Sach Resumes Coverage on Colgate-Palmolive at “Neutral” (CL)

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Colgate-Palmolive Company ( CL ) was given a "Neutral" rating by Goldman Sachs on Friday, as the analysts resumed coverage on the diversified consumer goods producer.

The analysts see shares of CL reaching $122, a +15.3% upside from Friday's closing price of $105.84.

Colgate-Palmolive shares were flat in premarket trading on Monday. The stock is up +14.56% year-to-date.

The Bottom Line
Shares of Colgate-Palmolive ( CL ) have a 2.34% dividend yield, based on Friday's closing stock price of $105.84. The stock has technical support in the $100-$102 price area. The stock is trading near the all-time highs of $110-$111 a share.

Colgate-Palmolive Company ( CL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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