Goldman Sachs Initiates a Hold Rating on Procter & Gamble (PG)

Goldman Sachs maintains a Hold rating on Procter & Gamble with an $84 price target, as of June 12. The stock closed at $149.61 last Friday, with the firm citing the company’s latest quarterly results: revenue of $21.24 billion and net profit of $3.97 billion for the quarter ended March 31, versus $19.78 billion and $3.77 billion a year earlier. The broader Street consensus leans toward a Moderate Buy with an average price target near $160.05. Herzog’s coverage of Consumer Defensive stocks places PG in a diverse group including Philip Morris and Constellation Brands, and the narrative references the ongoing evaluation of earnings, margins, and competitive positioning in a high-value, defensible segment.