Colgate-Palmolive Likely To Post Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Colgate-Palmolive Company CL is expected to report its second-quarter financial results, before the opening bell on July 28, 2023.

Analysts expect the company to post quarterly earnings at 75 cents per share, up from year-ago earnings of 72 cents per share. The company’s revenue might come in at $4.69 billion.

Colgate-Palmolive shares fell 1.1% to close at $77.11 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• B of A Securities analyst Bryan Spillane maintained a Neutral rating and raised the price target from $80 to $85 on May 1, 2023. This analyst has an accuracy rate of 67%.
• Goldman Sachs analyst Jason English maintained a Buy rating and raised the price target from $86 to $96 on May 1, 2023. This analyst has an accuracy rate of 62%.
• Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating and raised the price target from $82 to $89 on May 1, 2023. This analyst has an accuracy rate of 75%.
• Wells Fargo analyst Chris Casey maintained an Equal-Weight rating on the stock and raised the price target from $76 to $81 on May 1, 2023. This analyst has an accuracy rate of 64%.
• Deutsche Bank analyst Steve Powers maintained a Buy rating and cut the price target from $84 to $80 on March 20, 2023. This analyst has an accuracy rate of 74%.

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