Colgate-Palmolive price target raised to $100 from $98 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Colgate-Palmolive (CL) to $100 from $98 and keeps a Buy rating on the shares. The firm cites the company’s strong Q1 top and bottom line beat with higher than expected organic sales growth, also noting that broad-based strength flowed through to slightly better than expected gross margins and inline EBIT margins despite ad spending growing 10% in the quarter, the analyst tells investors in a research note.