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These Analysts Increase Their Forecasts On Procter & Gamble After Strong Q3 Earnings

Published 19/10/2023, 19:18
Updated 19/10/2023, 20:40
© Reuters.  These Analysts Increase Their Forecasts On Procter & Gamble After Strong Q3 Earnings

Benzinga - by Lisa Levin, Benzinga Editor.

Procter & Gamble Co (NYSE: PG) reported better-than-expected earnings for its third quarter on Wednesday.

Procter & Gamble reported first-quarter FY24 sales growth of 6.1% year-over-year to $21.87 billion, beating the consensus of $21.67 billion. Adjusted EPS of $1.83 (+17% Y/Y) beat the consensus of $1.71.

Procter & Gamble shares fell 0.4% to trade at $148.48 on Thursday.

These analysts made changes to their price targets on Procter & Gamble following earnings announcement.

  • Stifel raised the price target on Procter & Gamble from $151 to $155. Stifel analyst Mark Astrachan maintained a Hold rating.
  • Wells Fargo increased the price target on Procter & Gamble from $160 to $162. Wells Fargo analyst Chris Carey maintained an Overweight rating.

Latest Ratings for PG

Jan 2022RBC CapitalMaintainsSector Perform
Jan 2022Deutsche BankMaintainsBuy
Jan 2022Morgan StanleyMaintainsOverweight

View the Latest Analyst Ratings

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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