Colgate up after Wells Fargo upgrades to 'equal weight'

Colgate-Palmolive

13/01/2026 19:36

** Shares of toothpaste maker Colgate-Palmolive CL.N up 1% at $82.69

** Wells Fargo upgrades rating to "equal weight" from "underweight"; raises PT to $86 from $77

** Brokerage says with sales and valuation recovery largely complete and expectations for low single-digit revenue growth and mid single-digit earnings gains, Colgate’s setup now looks more balanced

** However, brokerage says it needs more confidence in an acceleration of growth, particularly in international markets where trends remain muted, to turn more positive on the stock

** 12 of 22 brokerages rate stock "buy" or higher, 9 "hold" and 1 "sell"; median PT is $88 — LSEG data

** Stock down ~13% in 2025

(Reporting by Sanskriti Shekhar in Bengaluru )

((Sanskriti.Shekhar@thomsonreuters.com))