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P&G downgraded because of consumers' affordability issues and Trump's immigration policies
TD Cowen downgraded shares of P&G to hold.
14 words~1 min read
TD Cowen downgraded shares of P&G to hold.
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JPMorgan downgraded Procter & Gamble to neutral from overweight ahead of the company's next quarterly earnings report.

We weren't expecting a strong report, given that roughly two-thirds of the quarter were impacted by the government shutdown.

P&G was able to do this despite increased commodity prices due to the Iran war.

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JPMorgan sees shares of Procter & Gamble rising 11% from current levels.