Procter & Gamble Q1 Forecast Cut As Global Challenges Persist, Goldman Sachs Warns

Goldman Sachs analyst Bonnie Herzog lowered Procter & Gamble Company’s (NYSE:PG) first-quarter estimates to reflect softer end markets.

Consequently, the analyst cut the price target to $164 (from $165), with a Neutral rating.

The analyst writes that while scanner trends show resilience for the company and continued growth in the U.S., challenges in international markets like the Middle East and China may offset this.

The analyst anticipates no recovery for SK-II until late 2024, when negative sentiment toward Japanese brands begins to ease.

Herzog is lowering first-quarter estimates, expecting organic sales growth of around 2%, which is expected to be mostly neutralized by ...

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