Colgate-Palmolive price target raised to $93 from $88 at JPMorgan

JPMorgan analyst Andrea Teixeira raised the firm’s price target on Colgate-Palmolive (CL) to $93 from $88 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the beverage, household and personal care products group as part of its Q4 earnings preview. JPMorgan believes the sector setup into earnings remains mixed, with the “most plain vanilla companies” and with those with the most exposure to the U.S. consumer likely to post “lackluster” sales. The stocks exposed to beauty and companies that focus on “differentiated and innovative premium products” should continue to outperform, the analyst tells investors in a research note.