Morgan Stanley analyst Dara Mohsenian lowered the firm’s price target on Colgate-Palmolive (CL) to $87 from $96 and keeps an Overweight rating on the shares. Q3 was “a soft quarter, but looks like a bottom,” says the analyst. The firm sees organic sales growth improving from here as comparisons ease and temporary pressure points dissipate, the analyst tells investors in a post-earnings note.
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