Higher prices have been depressing sales for Procter & Gamble
Demand in that sector has been pretty resilient to price increases as we learned this morning when consumer packaged goods giant Procter & Gamble released its quarterly earnings. Sales were up a bit but short of analyst expectations. Part of the reason for the less-than-robust growth, according to P&G? Higher prices.
A Closer Look at 9 Analyst Recommendations For Procter & Gamble
Analysts have set 12-month price targets for Procter & Gamble, revealing an average target of $170.11, a high estimate of $182.00, and a low estimate of $160.00. This current average reflects an increase of 2.71% from the previous average price target of $165.62.
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