The Procter & Gamble Company (PG) Price Target Cut by $5, ‘Overweight’ Rating Maintained

The Procter & Gamble Company (NYSE:PG) is included among the 15 Best Blue Chip Stocks to Buy Now.

The Procter & Gamble Company (PG) Price Target Cut by $5, 'Overweight' Rating Maintained

The Procter & Gamble Company (NYSE:PG) one of the world’s largest consumer goods companies and home to iconic, trusted brands, including Always®, Charmin®, Braun®, Fairy®, Febreze®, Gillette®, Head & Shoulders®, Oral-B®, Pantene®, Pampers®, Tide®, and Vicks®.

On April 9, RBC Capital trimmed its price target on The Procter & Gamble Company (NYSE:PG) from $172 to $167, but maintained its ‘Outperform’ rating on the shares. The lowered target, which still indicates an upside of 15% from the current levels, comes as part of the analyst’s firm’s broader research note previewing the upcoming Q1 results in Home and Personal Care, Beverages, and Packaged Food categories.

RBC Capital is projecting the March quarter to be stable, though growth remains slow. The analyst expects a primary focus on the forward-looking commentary, as the ongoing conflict in the Middle East has created top-line and inflationary risks. While the current ceasefire is a welcome development, RBC expects lingering impacts, with commodity prices to remain higher than pre-war levels.

The Procter & Gamble Company (NYSE:PG) is targeting an organic sales growth of 2% to 4% for FY 2026, while it expects its EPS to come in at $6.83 to $7.09 per share. The company also revealed its goal to return roughly $15 billion to shareholders during the year, with around $10 billion in dividends and $5 billion in share repurchases.

While we acknowledge the risk and potential of PG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Best American Energy Stocks to Buy According to Wall Street Analysts and 15 Best S&P 500 Stocks to Buy Right Now

Disclosure: None. Follow Insider Monkey on Google News.