Consumer products maker The Procter & Gamble Company (
) 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 (
) 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