Colgate-Palmolive stock got a rating downgrade from analysts at Bank of America Securities.
BofA Securities cut their rating on the shares of the consumer products’ maker to neutral from buy.
BofA analyst Olivia Tong lowered her price target on the shares to $74 a share from $77 (as reported in Bloomberg ). According to the analyst, the company struggles with declining shares in toothpaste despite aggressive stance in driving growth. Tong also indicated that Colgate-Palmolive might face even more challenging conditions next year, and that the situation could necessitate another year of outsized investment.