These Analysts Increase Their Forecasts On Procter & Gamble After Strong Q3 Earnings
Portfolio Pulse from Lisa Levin
Procter & Gamble Co (NYSE:PG) reported better-than-expected Q3 earnings, with sales growth of 6.1% YoY to $21.87 billion and adjusted EPS of $1.83. Despite this, shares fell 0.4% to trade at $148.48. Analysts from Stifel and Wells Fargo have increased their price targets on Procter & Gamble following the earnings announcement.
October 19, 2023 | 6:18 pm
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Procter & Gamble reported strong Q3 earnings, leading to increased price targets from Stifel and Wells Fargo. However, shares fell slightly.
Procter & Gamble's strong Q3 earnings beat expectations, which is generally a positive signal for the stock. However, the slight fall in shares indicates that the market may have already priced in the positive earnings. The increased price targets from Stifel and Wells Fargo suggest that analysts see further upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100