Procter & Gamble Downgraded to “Market Perform” at BMO Capital (PG)


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Consumer products maker The Procter & Gamble Company ( PG ) on Monday caught a downgrade from analysts at BMO Capital.

The firm said it cut its rating on PG from "Outperform" to "Market Perform," and lowered its price target from $74 to $70. That new target still implies an 11% upside over the stock's Friday closing price of $62.84.

Last month, PG reported fiscal second quarter earnings that were roughly in-line with analyst estimates.

Procter & Gamble shares were mostly flat in premarket trading Monday.

The Bottom Line
We have been recommending shares of Procter & Gamble ( PG ) since Sept.1, 2009, when the stock was trading at $54.11. The company has a 3.07% dividend yield, based on Friday's closing stock price of $62.84.

The Procter & Gamble Company ( PG ) is a "Recommended" dividend stock, holding a DARS™ Rating of 3.5 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 Nasdaq, Inc.

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This article appears in: Investing , Stocks

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