Analyst Bryan Spillane of Bank of America Securities reiterated a Buy rating on Procter & Gamble (PG – Research Report), retaining the price target of $190.00.
Bryan Spillane has given his Buy rating due to a combination of factors including Procter & Gamble’s steady organic sales growth and strong innovation capabilities. Despite a slight decrease in gross and operating margins compared to estimates, the company’s ability to maintain a positive growth trajectory in organic sales, driven by pricing and mix, supports a favorable outlook.
Furthermore, Procter & Gamble’s adjusted EPS was in line with expectations, and the company continues to demonstrate resilience through its strategic pricing and product mix. Although the FY25 guidance was lowered, the long-term earnings potential remains solid, supported by consistent innovation and effective cost management strategies. These elements contribute to Spillane’s confidence in the stock’s potential to reach the price objective of $190.
In another report released on April 11, J.P. Morgan also maintained a Buy rating on the stock with a $172.00 price target.
Based on the recent corporate insider activity of 137 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PG in relation to earlier this year.