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Business, Stocks

“Goldman upgrades Procter & Gamble, predicting a ‘double-digit’ return”

“Goldman Sachs upgraded Procter & Gamble on Friday and said the consumer staples giant offers shareholders a “potential double-digit return.”

“We believe there is a role in investors’ portfolios for a large liquid global staples company such as this and note that PG remains the most underweight US listed mega-cap global consumer packaged goods company among mutual funds,” Goldman said in a note to clients. The firm boosted its rating to “buy” from “neutral,” and also raised its 12-month target price to $125 a share from $114 a share…”

https://www.cnbc.com/2019/06/28/goldman-sachs-upgrades-procter-gamble.html

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