Colgate-Palmolive Appears Upbeat To Oppenheimer After Management Meeting

Colgate-Palmolive Company CL is experiencing reduced growth in markets in Western Europe and the US to the tune of ~100bps, although the markets remain vibrant, reporting growth 3x that of CL's global average, according to Oppenheimer. The promotional environment remains intense, due to heightened activity among products (such as toothpaste) which Colgate has reacted to defend and will continue to do so, according to CEO Ian Cook, Oppenheimer reports. Oppenheimer's 2011 EPS estimate is at $5.28. Oppenheimer maintains its Perform rating for the Colgate-Palmolive Company, which closed yesterday at $74.56.