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Benzinga
15 days

These Analysts Lower Their Forecasts On Colgate-Palmolive After Q2 Results

1. Colgate-Palmolive surpassed Q2 earnings estimates, reporting 92 cents EPS. 2. Sales reached $5.11 billion, exceeding expectations of $5.03 billion. 3. Projected organic sales growth is at low end of 2%-4% range. 4. Analysts adjusted price targets, with mixed ratings after earnings report. 5. Shares declined 0.3% to trade at $83.27 following the earnings announcement.

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FAQ

Why Neutral?

Earnings exceeded estimates, but mixed analyst ratings may impact sentiment. Historical example: Analyst downgrades can lead to short-term price declines.

How important is it?

Q2 performance and analyst reactions signal moderate influence on CL's stock price.

Why Short Term?

Immediate market reaction likely as investors assess analyst ratings. In the past, significant earnings surprises often led to short-term volatility.

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