Colgate-Palmolive (NYSE:CL) today had estimates and its price target reduced by Jefferies (JEF) through 2012, as currency and margins have been hurting earnings. Jefferies issued a hold rating with a $92 price target.
Shares are higher by about one quarter of a percent.
UBS (NYSE:UBS) today lowered estimates for Microsoft (NASDAQ:MSFT) through 2013, as gross margins have been under pressure. The brokerage also feels that the software giant needs to return to issuing explicit guidance, and issued a buy rating.
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