P&G’s Mixed Quarter Spurs Analyst Recalibration as Company Holds Full-Year Outlook

Overview

• P&G reported fiscal Q2 net sales of $22.2 billion, up 1% year over year, with organic sales flat and diluted EPS down 5% to $1.78 on restructuring charges, while core EPS held at $1.88.
• Management kept full‑year sales and core earnings guidance in place despite margin pressures and uneven category performance.
• TD Cowen cut the stock to Hold from Buy and lifted its price target to $156, projecting roughly 2% growth over the next two years due to weaker pricing power and pressure on Hispanic consumers.
• Berenberg Bank reaffirmed a Hold rating with a $156 price target on January 27.
• Among 25 covering analysts, the consensus stands at Moderate Buy, with a mean price target of $167.82 and a Street‑high target of $181.