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Colgate Is Powered By New Products

June 10, 2014

BMO Capital upgrades stock.

Citing a flow of new oral care products, BMO Capital upgraded Colgate-Palmolive to Outperform from Market Perform. The firm views Colgate as a core holding and said new product flow is healthy with new SKUs rolling out to important markets. Additionally, the analyst said Colgate's gross margin expansion and restructuring program gives the company flexibility to both invest and return to shareholders.
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