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Bank of America/Merrill Lynch Adds Colgate-Palmolive to “US1″ List (CL)

Consumer products maker Colgate-Palmolive Company ( CL ) on Monday saw its shares added to Bank of America/Merrill Lynch's "US1″ list.

The firm also set a $100 price target on CL shares, suggesting a 7% upside to the stock's Monday closing price of $93.64. Bank of America/Merrill Lynch cited improving fundamentals for the positive view.

Colgate-Palmolive shares fell 65 cents, or -0.7%, in premarket trading Monday.

The Bottom Line

Shares of Colgate-Palmolive ( CL ) have a 2.48% dividend yield, based on Friday's closing stock price of $93.64. The stock has technical support in the $85-$88 price area. The shares are trading at all-time highs and have little overhead resistance.

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 Nasdaq, Inc.

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

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