TD Cowen Lowers Rating on Colgate-Palmolive Citing Rising Input Costs and Sluggish Earnings Prospects
TD Cowen downgraded Colgate-Palmolive from Buy to Hold and reduced its price target to $85 from $96, citing higher costs for oil-based inputs and tallow. The firm cut its EPS growth outlook for 2026 and 2027 and highlighted potential margin vulnerability in developed markets and the U.S. business, despite the company’s ongoing productivity and inno…