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 Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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