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The Procter & Gamble Company (PG) Price Target Reduced to $167 by BofA Amid Higher Resin Cost Expectations
BofA Securities has lowered its price target for The Procter & Gamble Company (PG) from $171 to $167, citing expectations of higher resin costs, while maintaining a Buy rating. Despite this, P&G’s Board of Directors approved a 3% increase in its quarterly dividend to $1.0885 per share, payable on or after May 15, 2026. The company is considered one of the most undervalued Dow stocks, known for its global consumer goods brands and commitment to consistent dividend growth.