UBS Analyst Raises Price Target on Procter & Gamble Co (PG)
UBS analyst Stephen Powers gives his insights on Procter & Gamble Co (NYSE:PG), upgrading the stock from Neutral to Buy and raising his price target from $85 to $96.
Powers has been pleased with the company’s productivity focus in the last six months and believes that the new performance implementations will boost its shares price, despite cynical market predictions. The analyst believes that with a new CEO, PG will achieve a positive Risk/Reward.
According to TipRanks, Powers has a 76% success rate recommending stocks with an average annual return of 3.7% per recommendation.