12 Best Beaten Down Stocks to Buy According to Hedge Funds

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2. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 88

52-Week Low: $146.9

Stock Price: $149.16

The Procter & Gamble Company (NYSE:PG) is one of the Best Beaten Down Stocks to Buy According to Hedge Funds. On October 10, JPMorgan reduced the price target on the company’s stock to $163 from $170, while keeping a “Neutral” rating as part of the Q3 preview for the broader household, personal care, and beauty group. As per the analyst, most of such large-cap companies in the group are expected to report another weak quarter amidst depressed consumer demand in the US and decelerating trends for Western Europe.

However, The Procter & Gamble Company (NYSE:PG) had announced a portfolio and productivity plan to emphasize its portfolio and organization to improve the cost structure and competitiveness. The Procter & Gamble Company (NYSE:PG) anticipates incurring non-core restructuring costs of ~$1 billion – $1.6 billion before-tax over the 2-year period. The company plans to incur half of the costs under this plan by FY 2026 end, with the balance incurred in FY 2027.

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