JPMorgan downgrades Procter & Gamble as worries grow over consumer spending
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最新报道：JPMorgan downgraded Procter & Gamble (PG) from "overweight" to "neutral," citing growing concerns about weakening consumer spending amid economic uncertainty. Analyst Andrea Teixeira highlighted slowing sales growth in key markets like the U.S. and China, along with rising input costs squeezing margins. The firm cut its price target to $165 from $175, noting PG's premium valuation leaves limited upside. While P&G's strong brand portfolio provides stability, Teixeira warned discretionary spending cuts could pressure household staples. Shares fell 2% following the downgrade, underperforming the broader market. The move reflects Wall Street's cautious stance on consumer goods amid inflation and recession risks.
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