TD Cowen cuts rating on Colgate to 'hold', flags resin cost risks

Colgate-Palmolive

31/03/2026 13:17

** TD Cowen downgrades rating on toothpaste-maker Colgate-Palmolive CL.N to "hold" from "buy"; cuts price target to $85 from $96

** New PT in line with stock's last close

** Brokerage says household and personal care cos are set to take a hit from higher oil-related input costs stemming from the U.S.-Israeli war on Iran, especially rising resin costs

** "Even if the conflict ends soon, we believe the increases will prove sticky due to infrastructure damage," TD Cowen said in a note

** Brokerage also reduced PTs on other HPC cos including Procter & Gamble PG.N and Unilever ULVR.L, UL.N

** 12 of 22 brokerages rate the stock "buy" or higher, 9 "hold" and 1 "sell" or lower; their median PT is $100 - data compiled by LSEG

** As of last close, CL up 8.5% YTD

Company
New PT
Previous PT
Church & Dwight
$93
$112
Clorox
$98
$111
Kimberly-Clark
$96
$105
Procter & Gamble
$142
$156
Unilever
$67/5080p
$80/5800p

 (Reporting by Kanchana Chakravarty in Bengaluru)

 ((Kanchana.Chakravarty@thomsonreuters.com;))