Colgate-Palmolive price target lowered to $83 from $88 at Wells Fargo

Wells Fargo lowered the firm’s price target on Colgate-Palmolive (CL) to $83 from $88 and keeps an Underweight rating on the shares. Despite an improving USD, typically a boon for Colgate-Palmolive, estimates are unchanged as the backdrop weighs, the firm says. Debates from here will be an implied sales acceleration into the second half of the year and building blocks for 2026. It is unclear if the stock gets much life pending clarity here, Wells adds.