RBC Capital raised the firm’s price target on Procter & Gamble to $157 from $156 and keeps a Sector Perform rating on the shares. The company reported a “relatively strong” Q2 earnings print with modestly softer topline being offset by material gross margin delivery, the analyst tells investors in a research note. RBC adds however that Procter & Gamble growth was impacted by some near term factors like China, slower start to cough/cold, and softer enterprise markets like the Middle East.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PG:
- Procter & Gamble Stock (NYSE:PG): A Safe Haven You Can Count On
- Procter & Gamble (NYSE:PG) Soars on Impressive Q2 Performance
- P&G CFO says U.S. consumer demand continues to be ‘very solid’
- Procter & Gamble CFO sees FY24 core EPS at upper end of guidance range
- P&G CEO says best path forward to ‘double-down’ on plans that have delivered
