Consumer products maker The Procter & Gamble Company ( PG ) on Thursday caught a big upgrade from analysts at RBC Capital Markets.
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 ( PG ) 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 ( PG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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