Procter & Gamble (NYSE:PG) Stock Price Down 1.4% After Analyst Downgrade

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Procter & Gamble (PG) stock fell 1.4% after Jefferies Financial Group lowered its price target from $179 to $175, maintaining a “buy” rating. Several other analysts have also trimmed their price targets, leading to a MarketBeat consensus of “Moderate Buy” with an average target of $162.79, indicating narrowed near-term upside and potential earnings risks. Insider selling of approximately 348,618 shares totaling $55.5 million has been observed in the last 90 days, despite the company increasing its quarterly dividend.

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