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By Market News Video Staff, Monday, November 15, 1:44 PM ET
Citigroup (NYSE:C) upgraded Colgate-Palmolive (NYSE:CL) today, from hold to buy.
Citi said Colgate is “on the road to recovery” and raised its price target from $77 to $85 per share. The company is working to increase market share.
Colgate-Palmolive shares are trading up 2.6% Monday.
At 3.67% of the fund, Colgate-Palmolive is a top ten holding of the Consumer Staples Select Sector SPDR Fund (AMEX:XLP), trading up 0.4% today.
Colgate rival Procter & Gamble (NYSE:PG) is the top stock in the fund, at 16.08% of the total, followed by Philip Morris International (NYSE:PM), at 9.59%.
Wal-Mart (WMT), Coca-Cola (KO) and Kraft (KFT) round out the top five holdings.
This Article's Word Cloud:AMEXCitiCitigroupCocaColaColgateConsumerFundGambleInternationalKraftMartMondayMorrisNYSEPalmolivePhilipProcterSPDRSectorSelectStaplescompanyfivefollowedfromfundholdholdingholdingsincreasemarketpriceraisedrecoveryrivalroadroundsaidsharesharesstocktargettodaytotaltradingupgradedworking
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