This morning, Morgan Stanley upgraded shares of Colgate-Palmolive (NYSE:CL) to an overweight rating as the company's above average sales growth deserves a higher trading multiple for the stock. With the upgrade, Morgan Stanley set a $68 price target. Shares of Colgate-Palmolive were modestly higher today, picking up 0.3% so far.
Argus upgraded shares of Marathon Oil (NYSE:MRO) from hold to buy as the company will see its earnings grow as the price of oil climbs. With the upgrade, Argus increased its EPS estimates and set a $42 price target. Shares of MRO were lower with the markets today, falling 0.3%.
And Bank of America increased its price target on shares of Yahoo! (YHOO) to $38 as the upcoming Alibaba IPO well allow the company to unlock more shareholder value. Shares of Yahoo! were also lower with the general markets today, falling 0.4%.
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