
Tide maker Procter & Gamble PG.N beat quarterly estimates on Friday, driven by resilient consumer demand for its beauty and hair-care products, despite ongoing economic uncertainty
Median PT of 27 brokerages covering the stock is $171 - data compiled by LSEG
RINSING OUT DOUBTS
J.P. Morgan ("neutral", PT: $165) says despite slower global category consumption, co appears well-positioned to outperform
Morningstar (fair value: $147) believes P&G is wisely focusing on strengthening its brands and capabilities, rather than chasing short-term sales or market share gains, even in a challenging environment
Wells Fargo ("overweight", PT: $170) expects co’s strong execution and market share gains to continue, positioning it to outperform peers despite macro pressures
Morgan Stanley ("overweight", PT: $175) expects co to recover in H2, driven by easier comparisons, renewed investment and improving trends in China