Financial News

Are You Hubbing? If Not, Why Not?

Analysts cheer Colgate's LA strategy.

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By: TOM BRANNA

Editor

Sure, most companies do their best to eliminate duplicate costs and functions, but Colgate-Palmolive's strategy of “hubbing” is also providing a lift to productivity, according to a new report by Citigroup, which reiterated a Buy rating and $79 price target on the stock. At press time, Colgate was up about 0.5% to 67.54 at the NYSE close. In fact, analysts Wendy Nicholson, Samantha Berger and Beth Kite were so high on Colgate after a trip to Guatemala, that the trio said th...

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