Colgate-Palmolive price target lowered to $104 from $111 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Colgate-Palmolive (CL) to $104 from $111 and keeps an Overweight rating on the shares. The stock was down 4.6% on Friday despite better than expected FY25 EPS guidance following weaker than expected organic sales growth in Q4 and tariffs being officially confirmed, the analyst tells investors. Despite the weaker organic growth in Q4, the firm still sees a path to 4% going forward, which it notes would be at the high-end of peers.