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July 12, 2007
By: TOM BRANNA
Editor
Colgate-Palmolive made headlines last month when several counterfeit tubes of toothpaste were found to contain diethylene glycol, a sweet-tasting, but potentially dangerous chemical. Despite the bad PR, Morgan Stanley upgraded Colgate to Overweight, citing cost savings, strong operating fundamentals and the weak dollar as providing a potential upside to earnings estimates. Meanwhile, Zacks senior consumer goods analyst Steven Ralston, CFA reiterated his Hold rating for shares of Colgate-Pa...
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