These Analysts Increase Their Forecasts On Procter & Gamble After Strong Q3 Earnings

Procter & Gamble Co PG reported better-than-expected earnings for its third quarter on Wednesday.

Procter & Gamble reported first-quarter FY24 sales growth of 6.1% year-over-year to $21.87 billion, beating the consensus of $21.67 billion. Adjusted EPS of $1.83 (+17% Y/Y) beat the consensus of $1.71.

Procter & Gamble shares fell 0.4% to trade at $148.48 on Thursday.

These analysts made changes to their price targets on Procter & Gamble following earnings announcement.

• Stifel raised the price target on Procter & Gamble from $151 to $155. Stifel analyst Mark Astrachan maintained a Hold rating.
• Wells Fargo increased the price target on Procter & Gamble from $160 to $162. Wells Fargo analyst Chris Carey maintained an Overweight rating.

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