Analyst Outlook Dims for Procter & Gamble Shares

Two prominent financial institutions have adopted a more cautious stance on Procter & Gamble, adjusting their outlooks for the consumer goods titan. Both UBS and Bank of America Securities have revised their price targets downward, a notable shift that suggests even the company’s supporters are tempering their expectations ahead of a critical earnings period. This development occurs as P&G continues to execute a significant strategic overhaul of its global operations.

The reassessments from Wall Street arrived on Wednesday. UBS analyst Peter Grom reduced his price objective to $176 from $180. In a parallel move, Bank of America Securities analyst Olivia Tong set a lower target of $174. Crucially, both strategists maintained their “Buy” recommendations on the stock. However, the... Read more...