PG’s valuation metrics remain attractive for defensive investors. Forecast models suggest a gradual climb aligning with broader staples sector performance. As you were browsing something about your browser made us think you were a bot. There are a few reasons this might happen: On a call with analysts, Schulten also highlighted market volatility and "all the divisiveness and nationalistic rhetoric that we saw around the world" in prompting customers to pause some spending. However, the company hasn't yet seen any nationalistic consumer behavior in Canada, Europe and China, he later clarified. With interest rate stability in early 2024, PG’s forecast reflects minimal downside risk in the near-term, appealing to income-focused equity portfolios.
