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Upgrade Alert for Colgate-Palmolive (CL)

By Amy Schwartz

Colgate-Palmolive (NYSE:CL) was upgraded from Sell to Neutral at Goldman Sachs today. The stock closed yesterday at $72.37 on volume of 4.6 million shares, above average daily volume of 3.5 million.

Over the past year, Colgate-Palmolive has traded in a range of $50.84 to $71.79 and closed yesterday at $72.37, 42% above that low. The 200-day and 50-day moving averages have moved 0.10% higher and 0.37% higher over the past week, respectively.

Colgate-Palmolive Company is a consumer products company that markets its products throughout the world. The Company's products include toothpaste, toothbrushes, shampoos, deodorants, bar and liquid soaps, dishwashing liquid, and laundry products, as well as pet nutrition products for cats and dogs.

Colgate-Palmolive (NYSE:CL) is currently priced 3.7% above its average consensus analyst price target of $69.69. The stock should find initial support at its 50-day moving average (MA) of $69.46 and further support at its 200-day MA of $66.59.

SmarTrend recommended that subscribers consider buying shares of Colgate-Palmolive on March 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.94. Since that recommendation, shares of Colgate-Palmolive have risen 4.4%. We continue to monitor CL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Colgate-Palmolive

Ticker(s): CL