JPMorgan Raises Procter & Gamble (PG) Price Target to $165, Keeps Neutral Rating

Core Viewpoint - The Procter & Gamble Company (NYSE:PG) is recognized for its financial stability and commitment to shareholders, making it a strong candidate for income-focused investors and retirement portfolios [2][5]. Financial Performance - For the fiscal first quarter of 2026, Procter & Gamble reported net earnings of $4.8 billion and operating cash flow of $5.4 billion, indicating robust financial health [4]. - The company's adjusted free cash flow productivity was 102%, reflecting strong financial discipline [4]. - Procter & Gamble returned $3.8 billion to shareholders in the quarter, which included $2.55 billion in dividends and $1.25 billion in share buybacks [4]. Investment Outlook - JPMorgan raised its price target for Procter & Gamble to $165 from $163 while maintaining a Neutral rating, suggesting a conservative outlook for the company [3]. - The stock has a dividend yield of 2.79% as of October 27, and the company has increased its dividend payouts for 69 consecutive years, reinforcing its reliability for income-focused investors [5].