P&G posts surprise sales drop as demand slows despite price restraint

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Procter & Gamble (PG) PT Raised to $164 at RBC Capital

July 31, 2024 6:26 AM EDT

RBC Capital analyst Nik Modi raised the price target on Procter & Gamble (NYSE: PG) to $164.00 (from $157.00) while maintaining a Sector Perform rating.

The analyst comments "Given relative outperformance into the quarter, we are not surprised by PGs sell-off post earnings, especially... More