7/102 sources · 2 publishersUpdated Nov 2, 13:48 UTC
Wells Fargo lifts Colgate‑Palmolive price target to $95 and keeps Equal‑Weight rating
Wells Fargo raised its price target for Colgate‑Palmolive to $95 from $90 while maintaining an Equal‑Weight rating. The change follows the company’s third‑quarter 2026 results, which posted adjusted earnings of $0.97 per share on revenue of $5.37 billion. The analyst highlighted the firm’s strong margin performance and resilience amid inflation pressures.
Why it matters
The higher target suggests potential upside for investors, as the stock now trades near the new $95 target. Wells Fargo’s rating and target may influence market sentiment toward CL.
Key facts
- 1Wells Fargo raised its price target for Colgate‑Palmolive to $95.00 from $90.00. investing.com
- 2Wells Fargo kept an Equal‑Weight rating on the stock. investing.com
- 3Colgate‑Palmolive reported adjusted third‑quarter 2026 earnings of $0.97 per share. investing.com
- 4Colgate‑Palmolive reported third‑quarter 2026 revenue of $5.37 billion. investing.com
- 5The stock’s P/E ratio was 37.77 at the time of the report. investing.com
- 6Wells Fargo’s price‑target increase aligns with the stock’s close of $95.29 on the day. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.