Companies and Brands
Goldman Sachs Changes Consumer Products Coverage (AVP, CL, BARE, PG, KMB)
Published:
Last Updated:
Goldman Sachs has made some changes in coverage to its consumer products universe.
The bulge bracket brokerage firm favors Avon Products, Inc. (NYSE: AVP) and Colgate-Polmolive Co. (NYSE: CL) and gave both companies some increased earnings target estimates for both this year and next, while making downgrades and some estimate cuts elsewhere in the household consumer products sector.
The brokerage firm has transitioned a Neutral rating down to a "Sell" rating on Kimberly-Clark Corp. (NYSE: KMB). Also, both Bare Escentuals, Inc. (NASDAQ: BARE) and Procter & Gamble Co. (NYSEL PG) were downgraded from Buy ratings down to "Neutral" ratings.
This was a coverage transition in an analysts this morning at Goldman Sachs, with Andrew Sawyer assuming US Household Products coverage from Amy Chasen.
Jon C. Ogg
April 9, 2008
Jon Ogg produces the Special Situation Investing Newsletter. He can be reached at [email protected] and he does not own securities in the companies he covers.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
