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JPMorgan raised Colgate-Palmolive’s price target to $93, citing strong earnings and a dividend increase.
JPMorgan Chase raised Colgate-Palmolive’s price target to $93 from $88, maintaining an “overweight” rating, citing strong earnings and a 1.9% revenue increase.
The company reported $0.91 EPS, beating estimates, and declared a quarterly dividend of $0.52, yielding 2.5%.
Analysts expect 2025 earnings of $3.75 per share, with a moderate buy consensus and a target of $89.25.
The stock, trading near $84.30, has a low beta of 0.30 and is held by 80.41% institutions.
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JPMorgan elevó el precio objetivo de Colgate-Palmolive a $93, citando fuertes ganancias y un aumento de dividendos.