(CercleFinance.com) – The stock rose nearly 1% on the Wall Street Stock Exchange after its investor day. Jefferies reaffirms its ‘buy’ recommendation on Procter & Gamble with a price target raised from 149 to 164 dollars.
‘Building on the company’s successful turnaround, the day offered P&G the opportunity to showcase its talented and diverse business leaders and amplify four key areas (Sourcing, Sustainability, Digital Awareness, Human Capital )’, he explains.
‘While downside activity remains a risk, P&G remains a core stock to hold, trading at a 24x P/E (price to EPS) ratio, a discount of less than 5% to peers of the HPC sector (personal and household care)’, continues the broker.
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