Wells Fargo Trims Procter & Gamble (PG) Target as 2026 Models Reset

Core Insights - The Procter & Gamble Company (NYSE:PG) is recognized as one of the 12 Best DOW Stocks to Buy in 2026 [1] - Wells Fargo has reduced its price target for Procter & Gamble from $170 to $158 while maintaining an Overweight rating, reflecting updated models for various sectors [2] - Procter & Gamble is projected to generate approximately $87 billion in revenue for the fiscal year, solidifying its leadership in the consumer goods industry [3] Financial Performance - The company has a strong history of returning value to shareholders, with about two-thirds of profits distributed as dividends, supporting consistent dividend payments and long-term growth [4] - Procter & Gamble has maintained uninterrupted quarterly dividend payments for decades and has increased its annual dividend payout for 69 consecutive years [3][4] Business Model - The focus of Procter & Gamble is on selling branded consumer packaged goods globally, which has helped the company maintain its competitive position in the consumer staples sector [4]