JPMorgan downgraded Procter & Gamble to neutral from overweight ahead of the company's next quarterly earnings report.
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JPMorgan sees shares of Procter & Gamble rising 11% from current levels.
TD Cowen downgraded shares of P&G to hold.
JPMorgan sees shares of Goldman Sachs slipping 2% from their current valuation.
Wall Street analysts largely framed the pullback as profit-taking rather than a fundamental shift in the outlook.
We weren't expecting a strong report, given that roughly two-thirds of the quarter were impacted by the government shutdown.
The bank foresees upside of 29% ahead for the stock.
