JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder

Investors should buy Procter & Gamble shares now, according to JPMorgan. Analyst Andrea Teixeira upgraded the Tide and Pampers parent to overweight from neutral. She also raised her price target by $5 to $155, which implies the stock could advance 10.8% from Thursday's close. Teixeira said investors should try to get ahead of what she sees as a likely inflection point in its fiscal 2023 fourth quarter.

2% following the upgrade in Friday premarket trading. The stock is down 7.7% this year after falling 7.4% in 2022, meaning it's now underperforming the S & P 500 after outperforming last year. PG .SPX 5Y mountain Comparison chart between PG and S & P 500 The upgrade marks an undoing of last year's downgrade, when the stock was underperforming large cap, multinational peers in the home and personal care products and beverages industries.

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