Stock up on P&G?
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
Shares of Procter & Gamble are up 11% this year and Argus Research thinks there is more room to run. The firm upgrading the stock to buy from hold with a price target of $103. Argus
believes P&G has pruned less profitable brands and is boosting growth, profitability, and productivity, according to their research note. The"Halftime Report" experts discussed
the P&G trade. Jim Lebenthal had reservations about the company's valuation. "At 20 times earnings, I just don't see the growth," he said. Due to its dividend yield
and buybacks, P&G is a shareholder friendly type stock, according to Pete Najarian. This analyst is a little bit late on P&G, said Joe Terranova. "The stock is at a slow
methodical appreciation throughout the year," Terranova argued. Jon Najarian is concerned about an economic slowdown weighing on shares of P&G. Najarian warned in tough times
consumers can easily switch from a product like Tide to a less expensive generic brand.