Colgate up after Wells Fargo upgrades to 'equal weight'

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