Procter & Gamble Upgraded to “Overweight” at JPMorgan (PG)


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Consumer products maker The Procter & Gamble Company ( PG ) on Monday saw its rating and price target raised by analysts at JPMorgan Chase.

The firm said it upgraded PG from "Neutral" to "Overweight" while lifting its price target from $70 to $75. That new target suggests a nearly 19% upside to the stock's Friday closing price of $63.18.

Procter & Gamble shares, which have fallen 1.8% year-to-date, posted small gains in premarket trading Monday.

The Bottom Line
Shares of Procter & Gamble ( PG ) have a 3.30% dividend yield, based on Friday's closing stock price of $63.18. The stock has technical support in the $58-$60 price area. If the shares can firm up, we see overhead resistance around the $64-$67 price levels.

The Procter & Gamble Company ( PG ) is not recommended at this time, holding a DARS™ Rating of 3.4 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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