Procter & Gamble (PG) Target Trimmed by RBC as Growth Remains Modest

The Procter & Gamble Company (NYSE:PG) is included among the Early Retirement Portfolio: Top 15 Stocks to Buy.

Procter & Gamble (PG) Target Trimmed by RBC as Growth Remains Modest

On April 9, RBC Capital lowered its price recommendation on The Procter & Gamble Company (NYSE:PG) to $167 from $172. It reiterated an Outperform rating on the shares. The update came as part of a broader Q1 preview covering Home and Personal Care, Beverages, and Packaged Food. The firm expects the March quarter to be fine, though growth at the top line remains slow.

The focus, in its view, is shifting toward forward commentary. The Middle East conflict has introduced both revenue and inflation risks, which companies will need to address in their outlook. RBC noted that the ceasefire announcement is a positive development. Even so, it still expects some lasting effects, including commodity prices staying elevated compared to levels seen before the conflict.

The Procter & Gamble Company (NYSE:PG) operates as a global provider of branded consumer packaged goods. Its business is organized across segments that include Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The company sells its products in around 180 countries and territories.

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