Procter & Gamble assumed with a Neutral at Goldman Sachs

Goldman Sachs assumed coverage of Procter & Gamble with a Neutral rating and $168 price target. While the company’s fundamentals remain robust, its growth story is well understood by the market, as its valuation multiples have re-rated from its December 2023 lows and are now largely in line with historical average levels, the analyst tells investors in a research note.