Consumer products maker The Procter & Gamble Company (
) on Thursday caught a big upgrade from analysts at RBC Capital
The firm said it boosted its rating on P&G from "Sector
Perform" to "Outperform" while boosting its price target from $69
to $74. That new target suggests a nearly 15% upside to the stock's
Wednesday closing price of $64.57.
Procter & Gamble shares, which have been mostly flat
year-to-date, were unchanged in premarket trading Thursday.
The Bottom Line
Shares of Procter & Gamble (
) have a 3.25% dividend yield, based on last night's closing stock
price of $64.57. The stock has technical support the $60-$62 price
area. If the shares can firm up, we see overhead resistance around
the $67-$68 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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