Colgate-Palmolive upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank upgraded Colgate-Palmolive (CL) to Buy from Hold with a price target of $98, up from $90. The firm sees a buying opportunity following the stock’s recent selloff. Colgate has a “quality and durable” core franchise that is “making the right long-term investments,” the analyst tells investors in a research note. Deutsche says the company has the “flexibility to weather current volatility.”