Consumer products maker The Procter & Gamble Company ( PG ) on Monday caught a big upgrade from analysts at BMO Capital Markets.
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 coming quarters.
Procter & Gamble shares posted small gains in premarket trading Monday.
The Bottom Line
Shares of Procter & Gamble ( PG ) 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 ( PG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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