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Actionable news in CL: COLGATE-PALMOLIVE COMPANY,

Colgate-Palmolive (CL) Stock Closed Higher, BofA/Merrill Upgrades

NEW YORK (TheStreet) -- Shares of Colgate-Palmolive (CL) closed up on heavy trading volume Monday as Bank of America/Merrill Lynch raised its rating on the stock to "buy" from "neutral."

The firm also increased its price target to $80 from $78 on shares of the New York-based consumer products company.

"While the potential for a resurgence of volatility of course exists, FX has stabilized, creating a more sustainable backdrop for margin improvement, with emerging markets growth also leveling out in the MSD-HSD range, the high-end vs. peers,"...


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