Stifel lowered the firm’s price target on Procter & Gamble to $151 from $161 and keeps a Hold rating on the shares. The firm, which updated its estimates and provided thoughts on Household & Personal Products stocks into Q3 earnings, thinks volume declines have bottomed for many companies, but are likely to remain negative for at least one or two more quarters, reflecting pricing and heightened global macroeconomic uncertainty that is impacting consumer spending.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PG:
- Options Volatility and Implied Earnings Moves This Week, October 16 – October 20, 2023
- PG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Procter & Gamble price target lowered to $169 from $172 at JPMorgan
- Procter & Gamble price target lowered to $154 from $166 at Barclays
- Procter & Gamble price target lowered to $153 from $162 at Bernstein