Colgate-Palmolive has more upside ahead than downside, according to Stifel.
Still, the new forecast implies roughly 14% upside from Friday's $70.95 close.
Colgate-Palmolive stock has slipped nearly 10% since the start of the year.
CL YTD mountain Colgate-Palmolive stock.
Stifel also expects year-over-year market share improvement in Colgate toothpaste, "which began in 1Q22 following years of share underperformance, to continue," Astrachan said.
Persons:
Mark Astrachan, Stifel, Astrachan, Morgan Stanley, Morgan, — CNBC's Michael Bloom
Organizations:
Colgate, Palmolive
Locations:
2Q23, 3Q23, 1Q22