Shares of Colgate-Palmolive (CL) Giving Back Gains From Morning Upgrade

March 19, 2012 11:39 AM EDT
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Price: $89.48 -1.21%

Rating Summary:
    18 Buy, 15 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 1 | Down: 0 | New: 0
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Shares of Colgate-Palmolive (NYSE: CL) opened higher, but have since fallen back close to the flat-line. The stock got a boost this morning when Credit Agricole upgraded the stock from Underperform up 2 notches, to Outperform. The firm also raised its price target from $91 to $105.

Back on March 8, 2012, Colgate raised its quarterly dividend by 6.9% to $0.62 per share, or $2.48 annualized. This is a 6.9% increase from the prior dividend of $0.58.

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