Bank of America Securities analyst Peter Galbo reiterated a Buy rating on Colgate-Palmolive today and set a price target of $102.00.
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Peter Galbo has given his Buy rating due to a combination of factors, even as he trims near‑term expectations. He modestly reduced his 2026–2028 EPS forecasts and price objective to reflect delayed Optic White relaunch timing in North America and a more cautious stance on margins amid sharply higher oil and resin costs.
Peter Galbo’s rating is based on the view that Colgate-Palmolive still merits a premium valuation multiple despite these headwinds. He highlights the company’s defensive product portfolio, strengthening market share in both the U.S. and abroad, and continued support to revenue and earnings from pricing actions and cost-efficiency programs, all of which underpin his Buy recommendation and $102 price target.
Galbo covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, General Mills, and McCormick & Company. According to TipRanks, Galbo has an average return of -0.3% and a 46.06% success rate on recommended stocks.
In another report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $102.00 price target.