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Colgate-Palmolive price target raised to $95 from $94 at Jefferies

Jefferies raised the firm’s price target on Colgate-Palmolive (CL) to $95 from $94 and keeps a Hold rating on the shares following a “decent” Q2 earning beat. The strategy is working and the new productivity plan is a positive, but the backdrop remains tough, Jefferies told investors. The firm added that there are a lot of moving parts, keeping expectations for upside at bay.

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