1 Wall Street Analyst Thinks Procter & Gamble Stock Is Going to $172. Is It a buy?
Procter & Gamble (NYSE: PG) is, for many investors, a classic dividend stock that is happy to pay a consistently increasing disbursement to its shareholders on the regular. However, it's also got enough potential to power its share price notably higher.
One analyst feels P&G's stock can manage a double-digit percentage gain over the next year or so. Let's crunch a few numbers to try and gauge how accurate his prediction is.
The analyst upbeat on P&G is Deutsche Bank's Steve Powers. In early April he tweaked his Procter & Gamble price target, bumping it $2 higher to $172 per share. He maintained his buy recommendation on the sturdy consumer goods company as he did so.
Source Fool.com
