Goldman Sachs Reinstates Neutral on Procter & Gamble, Announces $168 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jason English reinstates Procter & Gamble (PG) with a Neutral rating and sets a price target of $168.
March 01, 2024 | 12:09 pm
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NEUTRAL IMPACT
Goldman Sachs reinstates Procter & Gamble with a Neutral rating and a $168 price target.
The reinstatement of Procter & Gamble by Goldman Sachs with a Neutral rating and a specific price target provides a clear expectation for the stock's performance. Given Goldman Sachs' influence in the market, this rating could stabilize investor sentiment towards PG, maintaining its current stock price level. The $168 price target suggests a potential upside or stabilization, depending on the current trading price, but the Neutral rating indicates that significant short-term price movement is not anticipated.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90