Argus Downgrades Procter & Gamble Stock Rating to Hold
Procter & Gamble (PG) has seen its stock rating downgraded by Argus from 'buy' to 'hold', according to a research note issued on Friday. This is not the only change in ratings for PG, as several other reports have been released recently.
Royal Bank of Canada reduced their price objective on Procter & Gamble from $172.00 to $167.00 and set an 'outperform' rating, while BMO Capital Markets raised their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an 'outperform' rating.
Bank of America reduced their price target on shares of Procter & Gamble from $170.00 to $166.00, but still set a 'buy' rating for the company. Rothschild & Co Redburn lowered their price objective on shares of Procter & Gamble from $157.00 to $155.00 and set a 'neutral' rating.
Thirteen research analysts have rated the stock with a 'Buy' rating, while eleven have issued a 'Hold' rating. According to data from MarketBeat, the company has a consensus rating of 'Moderate Buy' and an average target price of $161.52.