Procter & Gamble Cut to “Neutral” at Hilliard Lyons (PG)

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Consumer products maker The Procter & Gamble Company ( PG ) late Wednesday received a big downgrade from analysts at Hilliard Lyons.

The firm said it downgraded PG from "Long-Term Buy" to "Neutral" and suspended its $77 price target. That target had assumed a nearly 28% upside to the stock's Wednesday closing price of $60.39.

The analyst move follows P&G's lowered earnings guidance on Wednesday.


Procter & Gamble shares posted modest gains in premarket trading Thursday.

The Bottom Line
Shares of Procter & Gamble ( PG ) have a 3.73% dividend yield, based on last night's closing stock price of $60.39. The stock has technical support in the $58-$60 price area. If the shares can firm up, we see overhead resistance around the $64-$66 price levels.

The Procter & Gamble Company ( PG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

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