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Stock impact report

TD Cowen Flags Weaker Pricing Power, Trims P&G Target [Yahoo! Finance]

Procter & Gamble Company (The) (PG) 
Last procter & gamble company (the) earnings: 4/17 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
TD Cowen Flags Weaker Pricing Power, Trims P&G Target On March 31, TD Cowen lowered its price recommendation on The Procter & Gamble Company (NYSE:PG) to $142 from $156. It reiterated a Hold rating on the shares. The firm also reduced its estimates across the household and personal care space. It said companies are unlikely to fully offset higher oil-related input costs tied to the Iran war. Even if the conflict ends soon, the analyst noted that price increases “will prove sticky due to infrastructure damage.” TD Cowen also pointed to weaker pricing power compared to past periods, along with fewer opportunities to move consumers toward higher-end products. These factors contributed to the lower target. Analysts at CNBC observed that earlier in March, investors had been rotating into consumer staples at the start of the year, while pulling back from technology stocks and the Magnificent Seven. The shift was noticeable, with investors favoring steady cash flow businesses that offer Show less Read more
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