Procter & Gamble price target raised to $182 from $175 at Jefferies

Jefferies analyst Kaumil Gajrawala raised the firm’s price target on Procter & Gamble to $182 from $175 and keeps a Buy rating on the shares. Q3 EPS beat expectations despite volatile macro conditions and a one-off retailer destocking, says the analyst, who thinks consistent reinvestment spend should stave off any topline concerns and contends that the “underlying business is strong.”