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Goldman Sachs Resumes Coverage on Procter & Gamble at “Neutral” (PG)

By
December 14th, 2012

Goldman Sachs Resumes Coverage on Procter & Gamble at "Neutral" (PG)

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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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.