Wells Fargo cut the price target for Colgate-Palmolive Company (NYSE: CL) from $80 to $75. Colgate-Palmolive shares rose 0.8% to trade at $70.84 on Monday.
One of the most well-known CEOs is having a rough year, with the stock of the company he founded losing more than half its value since the beginning of 2022.
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Activist investor Dan Loeb is the Chief Executive Officer and founder of hedge fund Third Point Management, which has recently opened a stake in The Walt Disney Company (NYSE: DIS) of 1,000,000 shares.
Colgate-Palmolive (NYSE:CL) reported its Q2 earnings results on Friday, July 29, 2022 at 06:55 AM.
Here's what investors need to know about the announcement.