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Deutsche Bank Backs Third-Point Valuation Claims Regarding Colgate-Palmolive Company (CL)
October 18, 2022 12:28 PM EDTDeutsche Bank analyst Steve Powers reiterated a Buy rating and $85.00 price target on Colgate-Palmolive Company (NYSE: CL)
The analyst comments "CNBC today reported that Third Point had acquired a "significant" position in CL of late (valued at approximately $1 billion per reports, up from a stake valued at ~$150 million as of June 30). According to CNBC's reporting (citing an investor letter), Third Point sees CL's business... More
