UPDATE: Jefferies Downgrades Procter & Gamble (PG) to Hold 'as Bull Thesis Wanes'

July 9, 2018 5:29 AM EDT
Get Alerts PG Hot Sheet
Price: $144.35 +1.44%

Rating Summary:
    13 Buy, 18 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 12 | New: 20
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
(Updated - July 9, 2018 6:28 AM EDT)

(updated to add analyst comment)

Jefferies downgraded Procter & Gamble (NYSE: PG) from Buy to Hold with a price target of $79.00 (from $83.00).

Analyst Kevin Grundy comments "Our prior constructive thesis had been predicated on an inflection in org sales; however, slowing market growth, EM volatility, US retail difficulties, the stronger USD, & pricing challenges should drive estimates lower again at P&G. Activist/strategic considerations remain, yet - at 18x P/E (5% prem. to staples peers) - we see scope for P&G's multiple to de-rate."

For an analyst ratings summary and ratings history on Procter & Gamble click here. For more ratings news on Procter & Gamble click here.

Shares of Procter & Gamble closed at $79.31 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change, Downgrades

Related Entities

Jefferies & Co