Evercore ISI Group Upgrades Procter & Gamble to Outperform, Raises Price Target to $166
Evercore ISI Group analyst Robert Ottenstein upgrades Procter & Gamble (NYSE:PG) from In-Line to Outperform and raises the price target from $161 to $166.
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Evercore ISI Group analyst Robert Ottenstein upgrades Procter & Gamble (NYSE:PG) from In-Line to Outperform and raises the price target from $161 to $166.
The Shiller CAPE ratio has reached 41.5, its second-highest level in 150 years, signaling potential market overvaluation similar to periods before the dot-com bubble and 2022 bear market. Rather than pulling back entirely, the author recommends building defensive positions in Berkshire Hathaway, Procter & Gamble, and Realty Income to provide portfolio stability during potential downturns.