JPMorgan Reduces PT on The Procter & Gamble Company (PG) Stock

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.

JPMorgan Reduces PT on The Procter & Gamble Company (PG) Stock

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.

While we acknowledge the potential of PG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PG and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.