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Procter & Gamble dips after Erste Group heads to the sidelines on the staples stock

Jun. 06, 2023 12:39 PM ETThe Procter & Gamble Company (PG) StockBy: Clark Schultz, SA News Editor9 Comments
Proctor And Gamble Report Strong Earnings As Cleaning Supplies In High Demand During Pandemic

Joe Raedle/Getty Images News

Erste Group lowered its rating on Procter & Gamble (NYSE:PG) to Hold from Buy on Tuesday after taking stock of the setup for the second half of the year.

Analyst Stephan Lingnau noted P&G is one of many companies passing

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