Procter & Gamble Started as a “Buy” at Stifel Nicolaus (PG)

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Consumer products maker The Procter & Gamble Company ( PG ) saw its coverage initiated on Thursday with a "Buy" rating by analysts at Stifel Nicolaus.

The firm also set a $72 price target on PG shares, which had closed at $61.74 on Wednesday. Stifel noted that the company should continue to see accelerating sales growth in its product lines.

Procter & Gamble shares rose 21 cents, or +0.3%, in premarket trading Thursday.

The Bottom Line
We have been recommending shares of PG since Sept.1, when the stock was trading at $54.11. The company has a 3.13% dividend yield, based on last night's closing stock price of $61.74.

The Procter & Gamble Company ( PG ) is a "recommended" dividend stock, holding a Dividend.com 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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