P&G: shares rise after Berenberg raises price target
(CercleFinance.com) - Procter & Gamble shares rose more than 1% on Friday after German brokerage firm Berenberg raised its price target on the stock.
In a sector note on the household and personal care industry, Berenberg analysts said they raised their price target on P&G to 149 dollars from 136 dollars, while keeping a "buy" rating on the shares.
The shares of the world's largest consumer products company were trading 1.1% higher on Friday morning, compared to a 0.7% rise in the Dow Jones Industrial Average index.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a sector note on the household and personal care industry, Berenberg analysts said they raised their price target on P&G to 149 dollars from 136 dollars, while keeping a "buy" rating on the shares.
The shares of the world's largest consumer products company were trading 1.1% higher on Friday morning, compared to a 0.7% rise in the Dow Jones Industrial Average index.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.