RBC Capital upgraded Colgate-Palmolive (CL) to Outperform from Sector Perform with an unchanged price target of $88. The shares have seen pressure as slowing global category growth has weighed on Colgate’s prospects, the analyst tells investors in a research note. The firm believes the company’s environment in 2026 will remain difficult, but says estimates and expectations are “appropriately low.” RBC thinks the stock’s setup is favorable as Colgate-Palmolive gets back on track towards its long-term algorithm growth.
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