Procter & Gamble Maintains Outperform Rating Amid Organizational Restructuring

The Procter & Gamble Company (NYSE:PG) ranks among the best FMCG stocks to buy. On June 27, Evercore ISI gave The Procter & Gamble Company (NYSE:PG) a vote of confidence, reaffirming its Outperform rating and $190 price target for the consumer products behemoth.

The Procter & Gamble Company (NYSE:PG) is going through an organizational restructuring to become “faster, more adaptative and entrepreneurial, in addition to more efficient,” according to Evercore. As these tasks may be handled by the teams themselves, the proposed reorganization would focus on forming teams that perform with less guidance and permission from marketing and financial specialists.

Conversely, Evercore states that P&G must contend with shifting retail environments in its two major markets, China and the US, where pure online merchants are capturing the largest portion of the market. Although the company does well with conventional retailers, according to Evercore’s statistics, The Procter & Gamble Company (NYSE:PG) “is not winning within Amazon, the fastest retailer in U.S. HPC.”

The Procter & Gamble Company (NYSE:PG) is a consumer products corporation that operates in five major segments: Baby, Feminine & Family Care, Fabric & Home Care, Grooming, and Beauty.

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