Consumer products maker The Procter & Gamble Company (
) on Monday caught a big upgrade from analysts at BMO Capital
The firm said it lifted its rating on PG from "Market Perform"
to "Outperform" with a $75 price target, suggesting a nearly 16%
upside to the stock's Friday closing price of $64.89.
BMO Capital noted that the company's expected incremental
restructuring program later this year should add to earnings in
Procter & Gamble shares posted small gains in premarket
The Bottom Line
Shares of Procter & Gamble (
) have a 3.24% dividend yield, based on Friday's closing stock
price of $64.89. The stock has technical support in the $60 price
area. If the shares can firm up, we see overhead resistance around
the $66-$67 price levels.
The Procter & Gamble Company (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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