Analysts are Revising Prices Targets for These 5 Stocks

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

Number of Hedge Fund Holders: 71

Barclays raised its price target for The Procter & Gamble Company (NYSE:PG) from $139 per share to $145 per share on Thursday, October 20. The research firm was moved by the company’s better-than-expected results for the latest quarter.

The Procter & Gamble Company (NYSE:PG) released the financial results for its fiscal first quarter on Wednesday, October 19. The consumer goods giant reported adjusted earnings of $1.57 per share, surpassing the expectations of $1.54 per share. Revenue came in at $20.61 billion, while analysts were looking for $20.28 billion.

Speaking on the results, CEO of The Procter & Gamble Company (NYSE:PG), Jon Moeller, said in a statement:

“We delivered solid results in our first quarter of fiscal 2023 in a very difficult cost and operating environment. These results enable us to maintain our guidance ranges for organic sales and EPS growth for the fiscal year despite continued significant headwinds.”