Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue October 2015
 •  China: The Hidden Dragon of Pro Skin Care Market  •  Gallagher To Retire From Croda  •  Wen Expands With Body Care  •  Palettes Big at Cle de Peau  •  Galderma Rolls Out Therapeutic Skin Care Line

Despite Toothpaste Woes, Analysts Like Colgate

Published July 12, 2007
Related Searches: financial men share innovation
Post a comment
Colgate-Palmolive made headlines last month when several counterfeit tubes of toothpaste were found to contain diethylene glycol, a sweet-tasting, but potentially dangerous chemical.

Despite the bad PR, Morgan Stanley upgraded Colgate to Overweight, citing cost savings, strong operating fundamentals and the weak dollar as providing a potential upside to earnings estimates.

Meanwhile, Zacks senior consumer goods analyst Steven Ralston, CFA reiterated his Hold rating for shares of Colgate-Palmolive. He noted that Colgate has had a stellar long-term growth record, as well as a history of tight financial controls and new product innovations.

blog comments powered by Disqus