Buy Colgate, target Rs 838: Anand Rathi

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Buy Colgate, target Rs 838: Anand Rathi

Anand Rathi Securities has recommended a buy rating on Colgate Palmolive, with price target of Rs 838.

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ALSO READ See previous views by Anand Rathi Securities See what other Experts & Brokerages are saying about Colgate See messages about Colgate Colgate BSE | NSE 01/06/12 Are Mutual Funds betting on Colgate?

Anand Rathi Securities has recommended a buy rating on Colgate Palmolive , with price target of Rs 838, in its report dated November 3, 2009. The stock closed at Rs 695.40 on November 5, 2009.

"We upgrade Colgate to Buy from Hold and raise the target price to Rs 838 from Rs 650. Lower competition could, in our view, lead to rapid growth and better EBITDA margins in the next two years. We estimate 25% earnings CAGR over FY09-11," says Anand Rathi Securities report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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