Colgate-Palmolive shares rise as RBC upgrades to 'outperform'

Shares of toothpaste maker Colgate-Palmolive CL.N rise nearly 1% to $76.65 before the bell

RBC Capital Markets upgrades stock rating to "outperform" from "sector perform"

Brokerage says that while 2026 will remain challenging, current expectations are low, creating a favorable setup for co to return to long-term growth

Over the past two years, consumer staples have faced repeated downward revisions amid a challenging global environment, slowing category growth, and macro pressures, says brokerage

"Despite the pressure, CL had been resilient up until recently, delivering 24 straight quarters of organic sales growth, at or above their LT (long-term) algorithm" - RBC

Average rating of 22 analysts is "buy"; median PT $88 - data compiled by LSEG

As of last close, co is down nearly 16.3% YTD