Deutsche Bank lowered its price target on Procter & Gamble (NYSE: PG) to $100.00 (from $102.00) while maintaining a Buy rating, following the company's second quarter report.

Analyst Steve Powers notes a cautious outlook on the shares, despite the company reporting second quarter earnings per share and revenue results above consensus, as the report highlighted pricing pressures due to rising inputs costs, inventory destocking and disappointing global baby care performance.