Procter & Gamble Upgraded to “Buy” at Argus Research (PG)

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Consumer products giant The Procter & Gamble Company ( PG ) caught a big upgrade on Monday from analysts at Argus Research.

The firm raised its rating on PG from "Hold" to "Buy" with a $66 price target. That target represents a potential 10% upside to the stock's Friday closing price of $60.02. Argus noted that the stock's recent pullback has created a buying opportunity for investors.

Procter & Gamble shares rose 39 cents, or +0.7%, in premarket trading Monday.

The Bottom Line
We have been recommending shares of PG since Sept.1, 2009, when the stock was trading at $54.11. The company has a 3.22% dividend yield, based on Friday's closing stock price of $60.02.

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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