Goldman Sachs to buy real estate investment firm for $410M
The acquisition of LCN Capital Partners, set to close by year-end, marks the second nine-figure-or-higher transaction for Goldman in the past week.
Colgate-Palmolive's stock dipped by 2.35% on Tuesday following its Investor Day 2026 presentation. Analysts from various brokerages offered differing opinions on the stock's future performance. Goldman Sachs maintained a Neutral rating, predicting a potential 1% rise from the current price of Rs 1,965. Motilal Oswal upgraded its stance to Buy, projecting a 27% increase to Rs 2,500, while Nuvama also recommended a Buy, with a target price of Rs 2,350 and a potential 22.5% gain.
Nuvama highlighted the company's commitment to expanding the oral care category in India, noting that over 45% of rural and 76% of urban Indians still lack consistent oral hygiene practices. Colgate's management emphasized their focus on driving growth ahead of profitability, with the premium toothpaste segment expanding 2.5 times since 2021 and retail coverage reaching 1.7 million outlets.
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