B of A Securities maintains Buy on Procter & Gamble, cuts target to $166
B of A Securities analyst Peter Galbo maintained a Buy rating on Procter & Gamble (NYSE: PG) but lowered the price target to $166 from $170.
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B of A Securities analyst Peter Galbo has maintained a Buy rating on Procter & Gamble (NYSE: PG) while adjusting the valuation outlook. The firm lowered the price target to $166, down from the previous $170.
Rating and Price Target
The recommendation from B of A Securities retains a positive stance on the consumer goods giant despite the reduced price objective. The new target of $166 reflects a revised assessment of the company's stock potential.
| Analyst | Firm | Rating | Previous Price Target | New Price Target |
|---|---|---|---|---|
| Peter Galbo | B of A Securities | Buy | $170 | $166 |
What factors led to the reduction in Procter & Gamble's price target despite the Buy rating?
How might recent economic conditions, such as inflation or supply chain issues, impact P&G's future performance?
What are the key growth drivers for P&G in the next 12-24 months that justify the Buy rating?
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