Procter & Gamble (PG) shares closed higher on Tuesday after a senior Evercore ISI analyst issued a bullish research note in favor of the consumer goods giant. Robert Ottenstein upgraded PG stock to “Outperform” and raised his price objective to $166, indicating potential upside of nearly 13% from current levels.
His bullish stance brings a much-needed reprieve to Procter & Gamble stock, which is currently down about 12% versus its year-to-date (YTD) high.
