CA - Procter & Gamble: Not The Best Time To Buy But Downside Risk Is Limited

2024-06-30 04:20:26 ET

Summary

• On the surface, Procter & Gamble's stock price appears very unattractive at the moment.
• Revenue growth rate is falling down as recent pricing initiatives roll over and with that, margins have likely peaked.
• The share price, however, already reflects that and downside risk appears limited, in spite of the premium valuation.

In a market where the main narrative is dominated by technological innovations and artificial intelligence, it is nearly impossible for retail investors to flock into slow-growth consumer defensive stock like Procter & Gamble (PG)....

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