What's Going On With Procter & Gamble Shares Today?
Portfolio Pulse from Shivani Kumaresan
Procter & Gamble Co (NYSE:PG) reported first-quarter FY24 sales and EPS above the street view. Analysts from Morgan Stanley, Stifel, and Raymond James gave their opinions on the results. Morgan Stanley maintains an Overweight rating and a $174 price target. Stifel maintains a Hold rating and raised the price target from $151 to $155. Raymond James maintains an Outperform rating and a $170 price target. Despite the positive reviews, PG shares are trading lower by 0.62% at $148.17.
October 19, 2023 | 6:53 pm
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NEGATIVE IMPACT
Procter & Gamble Co reported better than expected Q1 FY24 results. Analysts maintain positive ratings but shares are trading lower.
Procter & Gamble Co reported better than expected Q1 FY24 results which is a positive signal. However, despite positive ratings from analysts, the company's shares are trading lower. This could be due to market dynamics or other factors not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100