DA Davidson analyst Linda Bolton Weiser initiated coverage of Procter & Gamble with a Neutral rating and $159 price target and adding the stock to D.A. Davidson’s “Best-of-Breed Bison” list. While calling P&G “a high-quality company,” and stating that the firm is “impressed with the strategic improvements and higher growth rates,” the analyst thinks the valuation could come under pressure due to slowing of organic sales growth from 7% in FY22-FY23 to 4% in FY24 and possibly 3% in FY25.
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