Goldman Sachs Resumes Coverage on Procter & Gamble at “Neutral” (PG)
On Friday analysts at Goldman Sachs resumed coverage on diversified consumer goods manufacturer The Procter & Gamble Company (PG) with a “Neutral” rating.
The analysts see shares of PG reaching $74, a +5.5% upside from Thursday’s closing price of $70.13.
Goldman Sachs thinks that P&G’s recent $10 million cost-cutting plan could be an effective measure to see future growth.
Procter & Gamble shares were flat during morning trading on Friday. The stock is up +5.2% year-to-date.
The Bottom Line
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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