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Procter & Gamble Likely to Deliver In-Line Fiscal Q3 Organic Sales Growth, RBC Says

-- Procter & Gamble (PG) is likely to deliver in-line fiscal Q3 organic sales growth amid cost pressures and exposure to the Middle East conflict, RBC Capital Markets said in a Monday research report.

The brokerage said it expects growth momentum in enterprise markets and China, but a deceleration in Europe due to rising competition and challenging macros. For fiscal 2027, RBC expects EPS growth of 2.7%.

The Middle East exposure is an added topline headwind for Procter & Gamble, RBC said. The company is due to report fiscal Q3 results on April 24.

The company is likely to "be ok" for the remainder of the fiscal year and is one of the best-positioned to manage the volatile macro environment, analysts wrote.

RBC reiterated its outperform rating on the stock and price target of $167.

Price: $143.07, Change: $-1.42, Percent Change: -0.98%

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