Barclays Maintains Overweight on Procter & Gamble, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an 'Overweight' rating on Procter & Gamble (NYSE:PG), but lowered the price target from $167 to $160.
July 20, 2023 | 11:28 am
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NEUTRAL IMPACT
Procter & Gamble's price target has been lowered by Barclays from $167 to $160, though the 'Overweight' rating is maintained.
The lowering of the price target by Barclays could potentially create a negative sentiment among investors, but the maintained 'Overweight' rating indicates that the stock is still expected to outperform. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100